Sprott Inc. Decreases Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

Sprott Inc. reduced its holdings in Gatos Silver, Inc. (NYSE:GATO) by 27.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,501,110 shares of the company’s stock after selling 945,621 shares during the period. Gatos Silver comprises approximately 2.1% of Sprott Inc.’s portfolio, making the stock its 14th biggest holding. Sprott Inc.’s holdings in Gatos Silver were worth $34,968,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Alpine Associates Management Inc. purchased a new stake in Gatos Silver during the 3rd quarter valued at $20,018,000. Citigroup Inc. bought a new position in Gatos Silver during the third quarter valued at $10,676,000. Charles Schwab Investment Management Inc. raised its stake in shares of Gatos Silver by 905.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,860 shares of the company’s stock valued at $4,145,000 after acquiring an additional 247,510 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Gatos Silver by 15.1% in the 4th quarter. Van ECK Associates Corp now owns 1,628,571 shares of the company’s stock worth $22,767,000 after acquiring an additional 213,066 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Gatos Silver during the 3rd quarter worth about $2,953,000. 44.81% of the stock is currently owned by institutional investors.

Gatos Silver Stock Performance

Shares of NYSE:GATO opened at $14.40 on Wednesday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 29.39 and a beta of 1.95. Gatos Silver, Inc. has a 12 month low of $5.42 and a 12 month high of $20.31. The firm’s 50-day moving average is $14.39 and its 200 day moving average is $15.03.

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.