Philip Pyle Sells 15,000 Shares of Gatos Silver, Inc. (NYSE:GATO) Stock

Gatos Silver, Inc. (NYSE:GATO) VP Philip Pyle sold 15,000 shares of Gatos Silver stock in a transaction dated Tuesday, May 11th. The shares were sold at an average price of $12.03, for a total value of $180,450.00. Following the completion of the sale, the vice president now directly owns 81,218 shares in the company, valued at approximately $977,052.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:GATO traded down $0.45 during trading on Wednesday, reaching $12.07. The company had a trading volume of 677,379 shares, compared to its average volume of 684,972. Gatos Silver, Inc. has a 12 month low of $5.78 and a 12 month high of $24.00. The company has a fifty day moving average price of $10.87.

GATO has been the topic of a number of analyst reports. CIBC assumed coverage on shares of Gatos Silver in a report on Monday, April 19th. They set an “outperformer” rating and a $14.00 price objective on the stock. BMO Capital Markets upped their target price on Gatos Silver from $10.00 to $11.50 and gave the stock a “market perform” rating in a research note on Monday.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Gatos Silver by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 69,258 shares of the company’s stock valued at $690,000 after acquiring an additional 10,928 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Gatos Silver during the first quarter valued at about $4,616,000. CIBC World Markets Inc. purchased a new stake in shares of Gatos Silver during the first quarter valued at about $713,000. New York State Common Retirement Fund lifted its position in shares of Gatos Silver by 60.2% during the first quarter. New York State Common Retirement Fund now owns 21,300 shares of the company’s stock valued at $212,000 after buying an additional 8,000 shares during the last quarter. Finally, State of Tennessee Treasury Department purchased a new stake in shares of Gatos Silver during the first quarter valued at about $89,000. Hedge funds and other institutional investors own 10.49% of the company’s stock.

About Gatos Silver

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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