Vestcor Inc Buys Shares of 26,415 Gatos Silver, Inc. (NYSE:GATO)

Vestcor Inc bought a new stake in shares of Gatos Silver, Inc. (NYSE:GATO) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,415 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds have also made changes to their positions in the stock. Versor Investments LP bought a new stake in Gatos Silver in the third quarter valued at about $2,953,000. Alpha DNA Investment Management LLC bought a new stake in shares of Gatos Silver in the 2nd quarter valued at approximately $404,000. Charles Schwab Investment Management Inc. raised its position in shares of Gatos Silver by 905.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock valued at $4,145,000 after acquiring an additional 247,510 shares in the last quarter. Citigroup Inc. bought a new position in Gatos Silver during the third quarter worth $10,676,000. Finally, K2 Principal Fund L.P. acquired a new position in Gatos Silver in the third quarter worth $2,037,000. Institutional investors and hedge funds own 44.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GATO. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. CIBC increased their price objective on shares of Gatos Silver from $15.00 to $17.50 and gave the stock an “outperformer” rating in a research note on Thursday, September 26th. Royal Bank of Canada raised their target price 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. Finally, Canaccord Genuity Group lowered Gatos Silver from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.90.

Gatos Silver Trading Down 2.6 %

GATO opened at $15.27 on Friday. The business’s 50 day moving average is $16.77 and its 200-day moving average is $13.98. The stock has a market cap of $1.06 billion, a PE ratio of 31.16 and a beta of 1.93. Gatos Silver, Inc. has a twelve month low of $5.42 and a twelve month high of $20.31.

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.