Sprott Inc. Has $22.85 Million Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

Sprott Inc. lifted its holdings in shares of Gatos Silver, Inc. (NYSE:GATO) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,496,292 shares of the company’s stock after buying an additional 291,052 shares during the period. Gatos Silver comprises 2.1% of Sprott Inc.’s holdings, making the stock its 13th largest position. Sprott Inc. owned approximately 0.05% of Gatos Silver worth $22,848,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Gatos Silver during the 4th quarter worth about $130,000. Tower Research Capital LLC TRC lifted its stake in Gatos Silver by 17.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,544 shares of the company’s stock valued at $75,000 after purchasing an additional 1,690 shares during the last quarter. Jump Financial LLC acquired a new stake in Gatos Silver in the 4th quarter valued at about $94,000. Van ECK Associates Corp lifted its stake in Gatos Silver by 17.3% in the 4th quarter. Van ECK Associates Corp now owns 2,027,870 shares of the company’s stock valued at $13,262,000 after purchasing an additional 298,425 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Gatos Silver by 0.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,211,756 shares of the company’s stock valued at $7,925,000 after purchasing an additional 9,132 shares during the last quarter. 44.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GATO shares. Cibc World Mkts upgraded shares of Gatos Silver to a “strong-buy” rating in a research note on Wednesday, May 22nd. CIBC upgraded shares of Gatos Silver from a “neutral” rating to a “sector outperform” rating and raised their target price for the company from $11.25 to $16.00 in a research note on Wednesday, May 22nd. Canaccord Genuity Group upgraded shares of Gatos Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $6.50 to $12.50 in a research note on Tuesday, April 23rd. Canaccord Genuity Group upgraded shares of Gatos Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $6.50 to $12.50 in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada increased their price target on shares of Gatos Silver from $6.50 to $7.00 and gave the company a “sector perform” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Gatos Silver Price Performance

Gatos Silver stock traded down $0.62 during trading hours on Friday, hitting $11.11. The company had a trading volume of 760,053 shares, compared to its average volume of 585,791. The firm has a market cap of $768.59 million, a PE ratio of 50.50 and a beta of 2.16. Gatos Silver, Inc. has a one year low of $3.51 and a one year high of $13.30. The firm has a 50-day moving average of $10.54 and a 200 day moving average of $7.95.

Gatos Silver (NYSE:GATO) last announced its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter.

Gatos Silver Company 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.