Vestcor Inc Increases Holdings in Gatos Silver, Inc. (NYSE:GATO)

Vestcor Inc lifted its position in shares of Gatos Silver, Inc. (NYSE:GATO) by 72.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,422 shares of the company’s stock after acquiring an additional 19,007 shares during the quarter. Vestcor Inc owned 0.07% of Gatos Silver worth $635,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Alpine Associates Management Inc. purchased a new stake in Gatos Silver in the 3rd quarter valued at approximately $20,018,000. Citigroup Inc. purchased a new stake in Gatos Silver in the 3rd quarter valued at approximately $10,676,000. Charles Schwab Investment Management Inc. lifted 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 valued at $4,145,000 after buying an additional 247,510 shares in the last quarter. Van ECK Associates Corp lifted its stake in Gatos Silver by 15.1% in the 4th quarter. Van ECK Associates Corp now owns 1,628,571 shares of the company’s stock valued at $22,767,000 after buying an additional 213,066 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in Gatos Silver in the 3rd quarter valued at approximately $2,037,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Gatos Silver Stock Performance

GATO stock opened at $14.40 on Monday. Gatos Silver, Inc. has a 1 year low of $5.42 and a 1 year high of $20.31. The stock’s 50 day moving average price is $14.46 and its 200 day moving average price is $15.21. The firm has a market cap of $1.00 billion, a P/E 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.