Gatos Silver (NYSE:GATO) PT Raised to $17.50 at CIBC

Gatos Silver (NYSE:GATO) had its price target increased by analysts at CIBC from $15.00 to $17.50 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperformer” rating on the stock. CIBC’s target price suggests a potential upside of 10.06% from the stock’s current price.

Several other analysts have also recently issued reports on GATO. Cibc World Mkts raised Gatos Silver to a “strong-buy” rating in a report on Wednesday, July 10th. Royal Bank of Canada increased their price objective on shares of Gatos Silver from $11.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.90.

Gatos Silver Stock Performance

Shares of NYSE:GATO opened at $15.90 on Thursday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 72.27 and a beta of 2.09. The firm has a fifty day moving average price of $12.89 and a 200 day moving average price of $11.32. Gatos Silver has a fifty-two week low of $4.39 and a fifty-two week high of $16.65.

Gatos Silver (NYSE:GATO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02).

Hedge Funds Weigh In On Gatos Silver

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in Gatos Silver during the second quarter worth $702,000. Mackenzie Financial Corp boosted its stake in shares of Gatos Silver by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,329,125 shares of the company’s stock worth $13,836,000 after purchasing an additional 64,758 shares during the period. Alpha DNA Investment Management LLC bought a new position in Gatos Silver during the 2nd quarter valued at about $404,000. Squarepoint Ops LLC purchased a new stake in Gatos Silver in the 2nd quarter worth about $185,000. Finally, XTX Topco Ltd purchased a new stake in Gatos Silver in the 2nd quarter worth about $112,000. Institutional investors own 44.81% of the company’s stock.

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.