Lingotto Investment Management LLP Grows Stock Holdings in Gatos Silver, Inc. (NYSE:GATO)

Lingotto Investment Management LLP lifted its holdings in Gatos Silver, Inc. (NYSE:GATO) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,727,305 shares of the company’s stock after acquiring an additional 100,404 shares during the quarter. Gatos Silver accounts for about 1.4% of Lingotto Investment Management LLP’s holdings, making the stock its 13th biggest holding. Lingotto Investment Management LLP owned approximately 0.05% of Gatos Silver worth $52,108,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Versor Investments LP purchased a new position in shares of Gatos Silver in the third quarter worth $2,953,000. Victory Capital Management Inc. bought a new stake in Gatos Silver in the third quarter valued at $428,000. Alpine Associates Management Inc. bought a new stake in Gatos Silver in the third quarter valued at $20,018,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 in the last quarter. Finally, Citigroup Inc. bought a new stake in Gatos Silver in the third quarter valued at $10,676,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.

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 stock has a market cap of $1.00 billion, a P/E ratio of 29.39 and a beta of 1.95. The firm’s fifty day simple moving average is $14.39 and its 200 day simple 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.