Shares of Gatos Silver, Inc. (NYSE:GATO - Get Free Report) fell 1.9% on Thursday . The stock traded as low as $9.07 and last traded at $9.33. 92,373 shares were traded during trading, a decline of 68% from the average session volume of 292,150 shares. The stock had previously closed at $9.51.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada boosted 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 report on Thursday, March 28th.
Get Our Latest Stock Report on GATO
Gatos Silver Price Performance
The company has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $6.13. The company has a market cap of $629.54 million, a P/E ratio of 48.89 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.12.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in GATO. Tower Research Capital LLC TRC boosted its position in shares of Gatos Silver by 17.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,544 shares of the company's stock worth $75,000 after buying an additional 1,690 shares during the period. Deutsche Bank AG lifted its stake in Gatos Silver by 4.6% in the 4th quarter. Deutsche Bank AG now owns 54,855 shares of the company's stock worth $224,000 after acquiring an additional 2,390 shares in the last quarter. First Trust Advisors LP lifted its stake in Gatos Silver by 2.4% in the 4th quarter. First Trust Advisors LP now owns 129,240 shares of the company's stock worth $845,000 after acquiring an additional 3,071 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in Gatos Silver by 2.9% during the 2nd quarter. Tudor Investment Corp Et Al now owns 113,582 shares of the company's stock worth $429,000 after acquiring an additional 3,174 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Gatos Silver by 21.4% during 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 in the last quarter. 44.81% of the stock is owned by hedge funds and other institutional investors.
About Gatos Silver
(
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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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