Gatos Silver, Inc. (NYSE:GATO)’s share price was up 5% during mid-day trading on Tuesday . The stock traded as high as $10.79 and last traded at $10.79. Approximately 2,311 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 718,791 shares. The stock had previously closed at $10.28.

Separately, BMO Capital Markets downgraded Gatos Silver from an “outperform” rating to a “market perform” rating in a report on Friday, January 29th.

The firm has a fifty day moving average price of $13.16.

Large investors have recently bought and sold shares of the stock. Exor Investments UK LLP bought a new position in shares of Gatos Silver during the fourth quarter worth about $24,828,000. BlackRock Inc. bought a new position in shares of Gatos Silver during the fourth quarter worth about $19,592,000. Van ECK Associates Corp bought a new position in shares of Gatos Silver during the fourth quarter worth about $27,941,000. New York State Common Retirement Fund bought a new position in shares of Gatos Silver during the fourth quarter worth about $173,000. Finally, Strs Ohio bought a new position in Gatos Silver in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 10.49% of the company’s stock.

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.

Recommended Story: Channel Trading

Receive News & Ratings for Gatos Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gatos Silver and related companies with MarketBeat.com's FREE daily email newsletter.