Wilmington Savings Fund Society FSB Buys New Stake in Gatos Silver, Inc. (NYSE:GATO)

Wilmington Savings Fund Society FSB bought a new stake in Gatos Silver, Inc. (NYSE:GATO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC lifted its stake in Gatos Silver by 1,332.9% in the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after buying an additional 9,410 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Gatos Silver by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock worth $7,759,000 after purchasing an additional 5,991 shares during the period. Vestcor Inc purchased a new position in shares of Gatos Silver during the 3rd quarter worth $398,000. K2 Principal Fund L.P. purchased a new position in shares of Gatos Silver during the 3rd quarter worth $2,037,000. Finally, XTX Topco Ltd lifted its stake in shares of Gatos Silver by 103.3% during the 3rd quarter. XTX Topco Ltd now owns 21,893 shares of the company’s stock worth $330,000 after purchasing an additional 11,122 shares during the period. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Analysts Set New Price Targets

GATO has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. CIBC increased their price target on 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 increased their price target on Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 10th. Finally, Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Gatos Silver presently has an average rating of “Hold” and a consensus price target of $12.90.

Gatos Silver Stock Down 0.8 %

GATO stock opened at $14.88 on Wednesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 30.37 and a beta of 1.93. The business has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $14.05. Gatos Silver, Inc. has a 52 week low of $5.42 and a 52 week 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.