Gatos Silver (NYSE:GATO) Given a $4.00 Price Target at Royal Bank of Canada

Gatos Silver (NYSE:GATOGet Rating) received a $4.00 price objective from equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 8.40% from the company’s previous close.

Gatos Silver Price Performance

Shares of GATO stock traded up $0.10 on Thursday, hitting $3.69. 143,426 shares of the company’s stock were exchanged, compared to its average volume of 228,653. Gatos Silver has a 12 month low of $2.20 and a 12 month high of $13.68. The company has a 50 day moving average of $3.17 and a 200 day moving average of $3.19.

Hedge Funds Weigh In On Gatos Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Gatos Silver in the first quarter valued at about $29,000. Amalgamated Bank bought a new position in Gatos Silver in the first quarter worth approximately $31,000. Waterfront Wealth Inc. bought a new position in Gatos Silver in the third quarter worth approximately $39,000. Laurion Capital Management LP bought a new position in Gatos Silver in the second quarter worth approximately $44,000. Finally, Fox Run Management L.L.C. bought a new position in Gatos Silver in the first quarter worth approximately $47,000. Institutional investors and hedge funds own 53.31% of the company’s stock.

About Gatos Silver

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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, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico.

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Analyst Recommendations for Gatos Silver (NYSE:GATO)

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