Guggenheim Capital LLC Trims Holdings in Gatos Silver, Inc. (NYSE:GATO)

Guggenheim Capital LLC decreased its holdings in Gatos Silver, Inc. (NYSE:GATO – Get Rating) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,755 shares of the company’s stock after selling 57,567 shares during the quarter. Guggenheim Capital LLC owned about 0.20% of Gatos Silver worth $375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its stake in Gatos Silver by 31.9% in the 2nd quarter. FMR LLC now owns 8,702,556 shares of the company’s stock valued at $24,976,000 after buying an additional 2,105,025 shares during the period. BlackRock Inc. increased its stake in Gatos Silver by 1.8% in the 1st quarter. BlackRock Inc. now owns 3,542,883 shares of the company’s stock valued at $15,305,000 after buying an additional 63,615 shares during the period. Invesco Ltd. increased its stake in Gatos Silver by 51.2% in the 1st quarter. Invesco Ltd. now owns 1,881,243 shares of the company’s stock valued at $8,128,000 after buying an additional 636,914 shares during the period. Mackenzie Financial Corp increased its stake in Gatos Silver by 2.3% in the 3rd quarter. Mackenzie Financial Corp now owns 893,230 shares of the company’s stock valued at $2,390,000 after buying an additional 20,230 shares during the period. Finally, Millennium Management LLC increased its stake in Gatos Silver by 815.7% in the 2nd quarter. Millennium Management LLC now owns 487,349 shares of the company’s stock valued at $1,399,000 after buying an additional 434,126 shares during the period. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Gatos Silver Stock Up 3.6 %

NYSE:GATO opened at $4.60 on Monday. Gatos Silver, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $5.63. The firm’s fifty day simple moving average is $4.75 and its 200-day simple moving average is $3.86.

Analyst Ratings Changes

Several brokerages have issued reports on GATO. Royal Bank of Canada set a $4.00 price objective on shares of Gatos Silver and gave the company a “sector perform” rating in a research note on Thursday, November 24th. BMO Capital Markets upped their price target on shares of Gatos Silver from $4.25 to $4.75 and gave the stock a “market perform” rating in a research note on Thursday, January 12th.

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 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.