Gatos Silver, Inc. (NYSE:GATO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $9.09, but opened at $8.67. Gatos Silver shares last traded at $9.05, with a volume of 270,584 shares.
Analyst Ratings Changes
Separately, Royal Bank of Canada lifted their price target on Gatos Silver from $6.50 to $7.00 and gave the stock a "sector perform" rating in a report on Thursday, March 28th.
Read Our Latest Research Report on GATO
Gatos Silver Stock Performance
The business has a 50-day moving average of $7.06 and a 200-day moving average of $6.15. The stock has a market capitalization of $641.99 million, a price-to-earnings ratio of 49.63 and a beta of 2.21.
Gatos Silver (NYSE:GATO - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.12.
Hedge Funds Weigh In On Gatos Silver
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in Gatos Silver by 7.6% in the first quarter. Swiss National Bank now owns 98,000 shares of the company's stock valued at $423,000 after buying an additional 6,900 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gatos Silver by 21.4% in the first quarter. JPMorgan Chase & Co. now owns 21,935 shares of the company's stock valued at $95,000 after purchasing an additional 3,871 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Gatos Silver by 57.0% in the first quarter. MetLife Investment Management LLC now owns 28,113 shares of the company's stock valued at $121,000 after purchasing an additional 10,206 shares during the period. Rhumbline Advisers increased its holdings in shares of Gatos Silver by 18.9% in the first quarter. Rhumbline Advisers now owns 46,688 shares of the company's stock valued at $202,000 after purchasing an additional 7,417 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Gatos Silver by 1.8% in the first quarter. BlackRock Inc. now owns 3,542,883 shares of the company's stock valued at $15,305,000 after purchasing an additional 63,615 shares during the period. Hedge funds and other institutional investors own 44.81% of the company's stock.
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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