Sprott Inc. Lowers Stock Position in Gatos Silver, Inc. (NYSE:GATO)

Sprott Inc. cut its stake in shares of Gatos Silver, Inc. (NYSE:GATO) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,501,110 shares of the company’s stock after selling 945,621 shares during the quarter. Gatos Silver makes up approximately 2.1% of Sprott Inc.’s holdings, making the stock its 14th biggest position. Sprott Inc. owned about 3.60% of Gatos Silver worth $34,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Gatos Silver in the third quarter worth approximately $2,953,000. Victory Capital Management Inc. bought a new position in Gatos Silver in the 3rd quarter worth $428,000. Alpine Associates Management Inc. purchased a new stake in Gatos Silver in the 3rd quarter worth $20,018,000. Charles Schwab Investment Management Inc. increased its stake in Gatos Silver by 905.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock worth $4,145,000 after buying an additional 247,510 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in Gatos Silver during the third quarter valued at about $10,676,000. 44.81% of the stock is owned by hedge funds and other institutional investors.

Gatos Silver Price Performance

NYSE GATO opened at $14.40 on Wednesday. Gatos Silver, Inc. has a twelve month low of $5.42 and a twelve month high of $20.31. The business has a 50-day moving average price of $14.39 and a 200-day moving average price of $15.03. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 29.39 and a beta of 1.95.

Gatos Silver Profile

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.