Gatos Silver, Inc. (NYSE:GATO) Given Consensus Rating of “Hold” by Analysts

Gatos Silver, Inc. (NYSE:GATOGet Rating) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.50.

A number of equities analysts have recently commented on the company. BMO Capital Markets cut their price objective on Gatos Silver from C$12.50 to C$4.00 in a report on Thursday, January 27th. The Goldman Sachs Group reduced their price objective on Gatos Silver from $9.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, February 16th. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.50 to $4.00 in a research report on Thursday, January 27th. Canaccord Genuity Group downgraded shares of Gatos Silver from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.50 to $4.00 in a research note on Thursday, January 27th. Finally, CIBC downgraded shares of Gatos Silver from a “sector outperform” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $7.00 in a report on Wednesday, January 26th.

Shares of Gatos Silver stock traded down $0.33 on Tuesday, hitting $4.68. 11,076 shares of the company’s stock were exchanged, compared to its average volume of 1,583,074. The firm has a 50-day moving average of $4.22. Gatos Silver has a 1 year low of $2.68 and a 1 year high of $20.26.

A number of institutional investors and hedge funds have recently made changes to their positions in GATO. BlackRock Inc. increased its position in shares of Gatos Silver by 23.3% during the fourth quarter. BlackRock Inc. now owns 3,479,268 shares of the company’s stock valued at $36,115,000 after acquiring an additional 658,173 shares in the last quarter. State Street Corp grew its stake in shares of Gatos Silver by 336.4% in the fourth quarter. State Street Corp now owns 2,758,229 shares of the company’s stock worth $28,630,000 after acquiring an additional 2,126,248 shares during the period. Exor Capital LLP grew its stake in shares of Gatos Silver by 14.9% in the fourth quarter. Exor Capital LLP now owns 2,703,036 shares of the company’s stock worth $28,058,000 after acquiring an additional 350,916 shares during the period. Van ECK Associates Corp grew its stake in shares of Gatos Silver by 1.0% in the third quarter. Van ECK Associates Corp now owns 1,926,328 shares of the company’s stock worth $22,403,000 after acquiring an additional 19,575 shares during the period. Finally, Sprott Inc. lifted its holdings in shares of Gatos Silver by 1.0% during the 4th quarter. Sprott Inc. now owns 1,452,081 shares of the company’s stock valued at $15,073,000 after buying an additional 13,900 shares during the period. Institutional investors and hedge funds own 52.88% of the company’s stock.

Gatos Silver Company Profile (Get Rating)

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico.

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Analyst Recommendations for Gatos Silver (NYSE:GATO)

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