Jane Street Group LLC Buys 77,073 Shares of Gatos Silver, Inc. (NYSE:GATO)

Jane Street Group LLC increased its stake in Gatos Silver, Inc. (NYSE:GATO) by 168.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,786 shares of the company’s stock after acquiring an additional 77,073 shares during the period. Jane Street Group LLC’s holdings in Gatos Silver were worth $1,852,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Gatos Silver by 53.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,807 shares of the company’s stock valued at $163,000 after buying an additional 3,783 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Gatos Silver in the third quarter valued at about $244,000. Citigroup Inc. bought a new position in shares of Gatos Silver during the third quarter valued at about $10,676,000. Charles Schwab Investment Management Inc. raised its stake in shares of Gatos Silver by 905.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock valued at $4,145,000 after acquiring an additional 247,510 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new stake in shares of Gatos Silver during the third quarter worth about $20,018,000. 44.81% of the stock is currently owned by hedge funds and other institutional investors.

Gatos Silver Stock Up 1.4 %

NYSE GATO opened at $14.14 on Thursday. The stock’s 50 day moving average is $16.45 and its 200 day moving average is $14.13. The firm has a market capitalization of $982.31 million, a PE ratio of 28.86 and a beta of 1.93. Gatos Silver, Inc. has a twelve month low of $5.42 and a twelve month high of $20.31.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GATO. Canaccord Genuity Group lowered Gatos Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. CIBC upped their target price on Gatos Silver from $15.00 to $17.50 and gave the company an “outperformer” rating in a report on Thursday, September 26th. Canaccord Genuity Group reiterated a “hold” rating on shares of Gatos Silver in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Gatos Silver from $11.00 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.90.

About Gatos Silver

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.