FORA Capital LLC Invests $244,000 in Gatos Silver, Inc. (NYSE:GATO)

FORA Capital LLC bought a new stake in shares of Gatos Silver, Inc. (NYSE:GATO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 16,203 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors have also bought and sold shares of GATO. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gatos Silver by 23,313.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $73,000 after buying an additional 6,994 shares in the last quarter. XTX Topco Ltd bought a new stake in Gatos Silver during the second quarter worth $112,000. Arizona State Retirement System bought a new stake in Gatos Silver during the second quarter worth $121,000. Squarepoint Ops LLC purchased a new position in Gatos Silver in the second quarter worth $185,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Gatos Silver in the 1st quarter valued at $196,000. Institutional investors own 44.81% of the company’s stock.

Wall Street Analyst Weigh In

GATO has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group cut shares of Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, CIBC lifted their price target on shares of Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.90.

Gatos Silver Trading Up 0.3 %

Gatos Silver stock opened at $15.46 on Friday. Gatos Silver, Inc. has a 1-year low of $5.42 and a 1-year high of $20.31. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.55 and a beta of 2.05. The firm has a 50 day simple moving average of $16.76 and a 200 day simple moving average of $13.69.

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.