Gatos Silver (NYSE:GATO) Reaches New 52-Week High at $8.82

Shares of Gatos Silver, Inc. (NYSE:GATOGet Free Report) hit a new 52-week high on Monday . The company traded as high as $8.82 and last traded at $8.50, with a volume of 94109 shares. The stock had previously closed at $8.39.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on Gatos Silver from $6.50 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 28th.

View Our Latest Analysis on Gatos Silver

Gatos Silver Stock Up 3.9 %

The stock has a 50-day moving average of $6.94 and a 200 day moving average of $6.11. The stock has a market cap of $607.40 million, a PE ratio of 46.21 and a beta of 2.21.

Gatos Silver (NYSE:GATOGet Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.12.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Gatos Silver by 11,226.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,854 shares of the company’s stock worth $51,000 after purchasing an additional 9,767 shares during the period. Ethic Inc. purchased a new stake in shares of Gatos Silver in the first quarter valued at approximately $55,000. Barclays PLC acquired a new position in Gatos Silver during the third quarter worth $60,000. International Assets Investment Management LLC acquired a new position in Gatos Silver during the fourth quarter worth $64,000. Finally, Walleye Capital LLC acquired a new position in Gatos Silver in the second quarter valued at $67,000. 44.81% of the stock is owned by institutional investors and hedge funds.

About Gatos Silver

(Get Free Report)

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.

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