Gatos Silver (NYSE:GATO - Free Report) had its target price increased by BMO Capital Markets from $8.00 to $9.00 in a report published on Thursday morning, Benzinga reports. They currently have a market perform rating on the stock.
Separately, Royal Bank of Canada boosted their price objective on shares of Gatos Silver from $6.50 to $7.00 and gave the company a sector perform rating in a report on Thursday, March 28th.
Check Out Our Latest Stock Report on Gatos Silver
Gatos Silver Price Performance
GATO stock traded up $0.08 during midday trading on Thursday, hitting $9.72. The company's stock had a trading volume of 290,640 shares, compared to its average volume of 313,992. Gatos Silver has a twelve month low of $3.51 and a twelve month high of $9.82. The company's fifty day moving average price is $7.30 and its 200 day moving average price is $6.26. The stock has a market capitalization of $672.43 million, a P/E ratio of 50.79 and a beta of 2.21.
Gatos Silver (NYSE:GATO - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.12.
Hedge Funds Weigh In On Gatos Silver
A number of institutional investors have recently added to or reduced their stakes in GATO. FMR LLC increased its position in shares of Gatos Silver by 31.9% during the second quarter. FMR LLC now owns 8,702,556 shares of the company's stock worth $24,976,000 after buying an additional 2,105,025 shares during the period. Invesco Ltd. increased its holdings in Gatos Silver by 51.2% during the first quarter. Invesco Ltd. now owns 1,881,243 shares of the company's stock worth $8,128,000 after buying an additional 636,914 shares during the last quarter. Sprott Inc. increased its holdings in Gatos Silver by 42.1% during the fourth quarter. Sprott Inc. now owns 2,054,201 shares of the company's stock worth $8,402,000 after buying an additional 608,932 shares during the last quarter. Exor Capital LLP increased its stake in shares of Gatos Silver by 20.1% in the fourth quarter. Exor Capital LLP now owns 3,449,447 shares of the company's stock worth $11,695,000 after purchasing an additional 576,790 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Gatos Silver by 22.9% in the third quarter. Vanguard Group Inc. now owns 2,582,098 shares of the company's stock worth $6,920,000 after purchasing an additional 481,897 shares in the last quarter. 44.81% of the stock is currently owned by institutional investors and hedge funds.
Gatos Silver Company Profile
(
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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.
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