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.
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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