Brokerages Set Gatos Silver, Inc. (NYSE:GATO) PT at $12.90

Shares of Gatos Silver, Inc. (NYSE:GATO) have been given an average rating of “Hold” by the five research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.90.

Several equities research analysts have issued reports on GATO shares. Canaccord Genuity Group restated a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, CIBC upped their price objective on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a report on Thursday, September 26th.

Gatos Silver Price Performance

Shares of GATO opened at $14.89 on Friday. The company’s 50-day moving average is $15.39 and its 200-day moving average is $14.41. The firm has a market capitalization of $1.03 billion, a PE ratio of 30.39 and a beta of 1.95. Gatos Silver has a fifty-two week low of $5.42 and a fifty-two week high of $20.31.

Institutional Investors Weigh In On Gatos Silver

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Gatos Silver by 148.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,218 shares of the company’s stock valued at $1,104,000 after acquiring an additional 43,734 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Gatos Silver in the third quarter valued at about $271,000. Barclays PLC lifted its position in Gatos Silver by 1,332.9% during the third quarter. Barclays PLC now owns 10,116 shares of the company’s stock worth $152,000 after purchasing an additional 9,410 shares during the period. Geode Capital Management LLC grew its stake in Gatos Silver by 1.2% during the third quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock worth $7,759,000 after buying an additional 5,991 shares in the last quarter. Finally, Vestcor Inc bought a new position in Gatos Silver in the 3rd quarter valued at about $398,000. 44.81% of the stock is currently owned by institutional investors.

Gatos Silver Company Profile

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.