Lingotto Investment Management LLP Increases Holdings in Gatos Silver, Inc. (NYSE:GATO)

Lingotto Investment Management LLP raised its position in Gatos Silver, Inc. (NYSE:GATO) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,503,669 shares of the company’s stock after buying an additional 54,222 shares during the period. Gatos Silver makes up about 1.2% of Lingotto Investment Management LLP’s holdings, making the stock its 15th biggest holding. Lingotto Investment Management LLP owned approximately 5.06% of Gatos Silver worth $36,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Gatos Silver by 18.4% during the second quarter. Dimensional Fund Advisors LP now owns 943,823 shares of the company’s stock worth $9,853,000 after purchasing an additional 146,462 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Gatos Silver by 17.3% during the second quarter. American Century Companies Inc. now owns 84,930 shares of the company’s stock worth $887,000 after purchasing an additional 12,522 shares during the last quarter. ClariVest Asset Management LLC lifted its position in shares of Gatos Silver by 23.0% during the second quarter. ClariVest Asset Management LLC now owns 248,312 shares of the company’s stock worth $2,592,000 after purchasing an additional 46,407 shares during the last quarter. Arizona State Retirement System bought a new position in shares of Gatos Silver during the second quarter worth about $121,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gatos Silver by 23,313.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $73,000 after purchasing an additional 6,994 shares during the last quarter. 44.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GATO. Cibc World Mkts raised shares of Gatos Silver to a “strong-buy” rating in a research 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 stock a “sector perform” rating in a research note on Tuesday, September 10th. Finally, CIBC dropped their price objective on shares of Gatos Silver from $18.00 to $15.00 and set an “outperformer” rating on the stock in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.40.

Gatos Silver Trading Down 1.0 %

Shares of NYSE:GATO opened at $15.34 on Wednesday. The firm’s 50 day moving average is $12.55 and its two-hundred day moving average is $10.90. Gatos Silver, Inc. has a 52 week low of $4.39 and a 52 week high of $15.84. The firm has a market capitalization of $1.06 billion, a P/E ratio of 69.73 and a beta of 2.09.

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

Gatos Silver 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.