Gatos Silver (NYSE:GATO) Shares Gap Up to $10.37

Gatos Silver, Inc. (NYSE:GATO) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.37, but opened at $10.81. Gatos Silver shares last traded at $10.79, with a volume of 761 shares trading hands.

Separately, BMO Capital Markets lowered shares of Gatos Silver from an “outperform” rating to a “market perform” rating in a research note on Friday, January 29th.

The firm’s 50 day moving average price is $13.16.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Exor Investments UK LLP bought a new stake in Gatos Silver during the fourth quarter worth about $24,828,000. Strs Ohio bought a new stake in Gatos Silver during the fourth quarter worth about $74,000. CIBC Asset Management Inc bought a new stake in Gatos Silver during the fourth quarter worth about $3,638,000. BlackRock Inc. bought a new position in shares of Gatos Silver in the fourth quarter worth approximately $19,592,000. Finally, New York State Common Retirement Fund bought a new position in shares of Gatos Silver in the fourth quarter worth approximately $173,000. 10.49% of the stock is currently owned by hedge funds and other institutional investors.

Gatos Silver Company Profile (NYSE:GATO)

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed its name to Gatos Silver, Inc in October 2020.

Further Reading: Google Finance Portfolio Workaround

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