Van ECK Associates Corp Acquires 213,066 Shares of Gatos Silver, Inc. (NYSE:GATO)

Van ECK Associates Corp raised its holdings in Gatos Silver, Inc. (NYSE:GATO) by 15.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,628,571 shares of the company’s stock after purchasing an additional 213,066 shares during the quarter. Van ECK Associates Corp’s holdings in Gatos Silver were worth $22,767,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Gatos Silver by 905.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock valued at $4,145,000 after purchasing an additional 247,510 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Gatos Silver in the 3rd quarter valued at $2,953,000. Citigroup Inc. acquired a new stake in shares of Gatos Silver in the 3rd quarter valued at $10,676,000. K2 Principal Fund L.P. acquired a new stake in shares of Gatos Silver in the 3rd quarter valued at $2,037,000. Finally, Jane Street Group LLC increased its stake in shares of Gatos Silver by 168.6% in the 3rd quarter. Jane Street Group LLC now owns 122,786 shares of the company’s stock valued at $1,852,000 after buying an additional 77,073 shares during the period. Institutional investors own 44.81% of the company’s stock.

Gatos Silver Price Performance

Shares of Gatos Silver stock opened at $14.40 on Friday. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31. The business has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $14.83. The stock has a market cap of $1.00 billion, a PE ratio of 29.39 and a beta of 1.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on GATO. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Canaccord Genuity Group cut Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.90.

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.