FORA Capital LLC Makes New Investment in Gatos Silver, Inc. (NYSE:GATO)

FORA Capital LLC bought a new position in shares of Gatos Silver, Inc. (NYSE:GATO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 16,203 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GATO. Jacobs Levy Equity Management Inc. acquired a new position in Gatos Silver during the 1st quarter worth about $196,000. U S Global Investors Inc. acquired a new position in Gatos Silver during the 2nd quarter worth about $940,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 purchasing an additional 6,994 shares during the period. Arizona State Retirement System acquired a new position in shares of Gatos Silver in the 2nd quarter valued at about $121,000. Finally, ClariVest Asset Management LLC lifted its stake in shares of Gatos Silver by 23.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company’s stock valued at $2,592,000 after purchasing an additional 46,407 shares during the period. 44.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GATO. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research note on Tuesday, October 22nd. CIBC boosted their price objective on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a research note on Thursday, September 26th. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price objective on Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Gatos Silver has a consensus rating of “Hold” and an average price target of $12.90.

Gatos Silver Price Performance

Shares of Gatos Silver stock opened at $15.46 on Friday. Gatos Silver, Inc. has a one year low of $5.42 and a one year high of $20.31. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.55 and a beta of 2.05. The business has a 50-day simple moving average of $16.76 and a 200 day simple moving average of $13.69.

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.