ABC Arbitrage SA Purchases Shares of 44,183 Gatos Silver, Inc. (NYSE:GATO)

ABC Arbitrage SA bought a new position in Gatos Silver, Inc. (NYSE:GATO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,183 shares of the company’s stock, valued at approximately $618,000. ABC Arbitrage SA owned 0.06% of Gatos Silver at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in shares of Gatos Silver in the fourth quarter worth about $138,000. Barclays PLC boosted its holdings in shares of Gatos Silver by 1,332.9% in the third quarter. Barclays PLC now owns 10,116 shares of the company’s stock worth $152,000 after buying an additional 9,410 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gatos Silver by 53.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock worth $163,000 after purchasing an additional 3,783 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Gatos Silver in the third quarter worth approximately $244,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Gatos Silver in the third quarter worth approximately $271,000. 44.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GATO shares. Canaccord Genuity Group reissued a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Canaccord Genuity Group lowered shares of Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.90.

Gatos Silver Stock Performance

Shares of GATO opened at $14.40 on Friday. The firm has a market cap of $1.00 billion, a PE ratio of 29.39 and a beta of 1.95. The firm’s 50 day moving average price is $14.58 and its 200 day moving average price is $14.85. Gatos Silver, Inc. has a twelve month low of $5.42 and a twelve month high of $20.31.

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.