Van ECK Associates Corp Has $22.77 Million Stock Position in Gatos Silver, Inc. (NYSE:GATO)

Van ECK Associates Corp raised its holdings in Gatos Silver, Inc. (NYSE:GATO) by 15.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,628,571 shares of the company’s stock after buying an additional 213,066 shares during the quarter. Van ECK Associates Corp owned 2.34% of Gatos Silver worth $22,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gatos Silver by 53.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock worth $163,000 after acquiring an additional 3,783 shares during the period. Geode Capital Management LLC lifted its position in shares of Gatos Silver by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock worth $7,759,000 after acquiring an additional 5,991 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Gatos Silver in the 4th quarter worth approximately $138,000. Barclays PLC lifted its position in shares of Gatos Silver by 1,332.9% in the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock worth $152,000 after acquiring an additional 9,410 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Gatos Silver by 103.3% in the 3rd quarter. XTX Topco Ltd now owns 21,893 shares of the company’s stock worth $330,000 after acquiring an additional 11,122 shares during the period. Institutional investors and hedge funds own 44.81% of the company’s stock.

Gatos Silver Price Performance

Gatos Silver stock opened at $14.40 on Friday. The company has a market capitalization of $1.00 billion, a PE ratio of 29.39 and a beta of 1.95. Gatos Silver, Inc. has a one year low of $5.42 and a one year high of $20.31. The business has a 50 day simple moving average of $14.58 and a 200 day simple moving average of $14.83.

Wall Street Analyst Weigh In

GATO has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a research report on Tuesday, October 22nd. Canaccord Genuity Group downgraded Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.90.

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.