Gatos Silver, Inc. (NYSE:GATO - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.68, but opened at $9.22. Gatos Silver shares last traded at $9.68, with a volume of 155,720 shares traded.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Gatos Silver from $6.50 to $7.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 28th. BMO Capital Markets lifted their target price on shares of Gatos Silver from $8.00 to $9.00 and gave the stock a "market perform" rating in a research note on Thursday, April 11th.
Check Out Our Latest Stock Report on Gatos Silver
Gatos Silver Price Performance
The business's 50 day simple moving average is $7.79 and its 200 day simple moving average is $6.53. The company has a market capitalization of $648.91 million, a PE ratio of 49.37 and a beta of 2.21.
Gatos Silver (NYSE:GATO - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.12.
Institutional Investors Weigh In On Gatos Silver
A number of institutional investors have recently made changes to their positions in GATO. Barclays PLC acquired a new stake in shares of Gatos Silver during the third quarter valued at about $60,000. International Assets Investment Management LLC acquired a new stake in shares of Gatos Silver during the fourth quarter valued at about $64,000. Tower Research Capital LLC TRC increased its position in shares of Gatos Silver by 17.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,544 shares of the company's stock valued at $75,000 after acquiring an additional 1,690 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Gatos Silver during the fourth quarter valued at about $94,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Gatos Silver during the fourth quarter valued at about $130,000. 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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