Gatos Silver, Inc. (NYSE:GATO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Gatos Silver, Inc. (NYSE:GATO) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.90.

GATO has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. CIBC increased their target price on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th. Finally, Cibc World Mkts upgraded Gatos Silver to a “strong-buy” rating in a research note on Wednesday, July 10th.

Institutional Trading of Gatos Silver

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 acquiring an additional 6,994 shares during the last quarter. XTX Topco Ltd purchased a new position in Gatos Silver during the second quarter valued at $112,000. Arizona State Retirement System bought a new stake in Gatos Silver during the second quarter valued at about $121,000. Jump Financial LLC purchased a new stake in Gatos Silver in the fourth quarter worth about $94,000. Finally, Squarepoint Ops LLC purchased a new stake in Gatos Silver in the second quarter worth about $185,000. Institutional investors own 44.81% of the company’s stock.

Gatos Silver Stock Performance

Shares of GATO opened at $15.09 on Thursday. The firm’s 50-day simple moving average is $12.93 and its two-hundred day simple moving average is $11.42. Gatos Silver has a fifty-two week low of $4.39 and a fifty-two week high of $16.65. The stock has a market cap of $1.04 billion, a PE ratio of 68.59 and a beta of 2.09.

Gatos Silver (NYSE:GATO) last released its earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02).

About Gatos Silver

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.