ABC Arbitrage SA Purchases Shares of 44,183 Gatos Silver, Inc. (NYSE:GATO)

ABC Arbitrage SA purchased a new stake in shares of Gatos Silver, Inc. (NYSE:GATO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 44,183 shares of the company’s stock, valued at approximately $618,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Gatos Silver by 905.0% during the third 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 third quarter worth $2,953,000. Citigroup Inc. acquired a new stake in shares of Gatos Silver in the third quarter worth $10,676,000. K2 Principal Fund L.P. acquired a new stake in shares of Gatos Silver in the third quarter worth $2,037,000. Finally, Jane Street Group LLC grew its stake in shares of Gatos Silver by 168.6% in the third quarter. Jane Street Group LLC now owns 122,786 shares of the company’s stock worth $1,852,000 after acquiring an additional 77,073 shares during the last quarter. Institutional investors and hedge funds own 44.81% of the company’s stock.

Gatos Silver Price Performance

GATO opened at $14.40 on Friday. Gatos Silver, Inc. has a fifty-two week low of $5.42 and a fifty-two week high of $20.31. The firm’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $14.85. The company has a market capitalization of $1.00 billion, a P/E ratio of 29.39 and a beta of 1.95.

Analyst Ratings Changes

GATO has been the topic of several research analyst reports. Canaccord Genuity Group restated a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Canaccord Genuity Group downgraded shares of Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.