9,136 Shares in Gatos Silver, Inc. (NYSE:GATO) Bought by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new stake in shares of Gatos Silver, Inc. (NYSE:GATO) in the 4th quarter, HoldingsChannel reports. The fund bought 9,136 shares of the company’s stock, valued at approximately $138,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GATO. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gatos Silver by 53.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after buying an additional 3,783 shares during the last quarter. Geode Capital Management LLC boosted its stake in Gatos Silver by 1.2% in the third quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock valued at $7,759,000 after acquiring an additional 5,991 shares during the period. Barclays PLC grew its holdings in shares of Gatos Silver by 1,332.9% during the third quarter. Barclays PLC now owns 10,116 shares of the company’s stock valued at $152,000 after purchasing an additional 9,410 shares during the last quarter. XTX Topco Ltd raised its position 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. Finally, FORA Capital LLC bought a new stake in shares of Gatos Silver in the 3rd quarter worth approximately $244,000. 44.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on GATO shares. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.90.

Gatos Silver Stock Performance

NYSE:GATO opened at $14.40 on Friday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 29.39 and a beta of 1.95. Gatos Silver, Inc. has a 1 year low of $5.42 and a 1 year high of $20.31. The business has a fifty day moving average of $14.83 and a 200-day moving average of $14.71.

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.