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

Gatos Silver (NYSE:GATOGet Rating) has been given a $4.00 price objective by equities researchers at Royal Bank of Canada in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 8.40% from the stock’s previous close.

Gatos Silver Price Performance

Shares of NYSE GATO traded up $0.10 during mid-day trading on Thursday, hitting $3.69. The company had a trading volume of 143,426 shares, compared to its average volume of 228,653. Gatos Silver has a 1 year low of $2.20 and a 1 year high of $13.68. The stock’s 50-day moving average price is $3.17 and its 200-day moving average price is $3.19.

Institutional Investors Weigh In On Gatos Silver

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new stake in Gatos Silver during the first quarter valued at $29,000. Amalgamated Bank bought a new stake in Gatos Silver during the first quarter worth about $31,000. Waterfront Wealth Inc. bought a new stake in Gatos Silver during the third quarter worth about $39,000. Laurion Capital Management LP bought a new stake in Gatos Silver during the second quarter worth about $44,000. Finally, Fox Run Management L.L.C. bought a new stake in Gatos Silver during the first quarter worth about $47,000. Institutional investors 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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