Gatos Silver, Inc. (NYSE:GATO) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its position in Gatos Silver, Inc. (NYSE:GATO) by 37.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,130 shares of the company’s stock after selling 4,794 shares during the period. Banque Cantonale Vaudoise’s holdings in Gatos Silver were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gatos Silver by 23,313.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock valued at $73,000 after acquiring an additional 6,994 shares during the last quarter. U S Global Investors Inc. purchased a new stake in Gatos Silver in the second quarter valued at $940,000. Tidal Investments LLC acquired a new stake in Gatos Silver during the 1st quarter worth about $17,397,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gatos Silver during the 1st quarter valued at about $196,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gatos Silver by 6.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,292,645 shares of the company’s stock valued at $10,845,000 after buying an additional 80,889 shares during the period. 44.81% of the stock is owned by hedge funds and other institutional investors.

Gatos Silver Trading Down 7.3 %

GATO opened at $11.66 on Wednesday. The firm has a market capitalization of $808.50 million, a PE ratio of 53.00 and a beta of 2.10. Gatos Silver, Inc. has a twelve month low of $4.39 and a twelve month high of $14.45. The firm’s 50-day moving average price is $12.03 and its 200 day moving average price is $10.38.

Gatos Silver (NYSE:GATO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02).

Analyst Ratings Changes

Several analysts recently commented on GATO shares. CIBC raised their target price on Gatos Silver from $16.00 to $18.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Cibc World Mkts upgraded Gatos Silver to a “strong-buy” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gatos Silver currently has an average rating of “Moderate Buy” and an average price target of $11.80.

Gatos Silver Profile

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.