Alpine Associates Management Inc. Buys 951,683 Shares of Gatos Silver, Inc. (NYSE:GATO)

Alpine Associates Management Inc. increased its stake in shares of Gatos Silver, Inc. (NYSE:GATO) by 71.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,279,155 shares of the company’s stock after acquiring an additional 951,683 shares during the quarter. Gatos Silver comprises about 1.9% of Alpine Associates Management Inc.’s portfolio, making the stock its 14th largest holding. Alpine Associates Management Inc. owned approximately 3.28% of Gatos Silver worth $31,863,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lingotto Investment Management LLP boosted its position in shares of Gatos Silver by 2.8% during the fourth quarter. Lingotto Investment Management LLP now owns 3,727,305 shares of the company’s stock worth $52,108,000 after acquiring an additional 100,404 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Gatos Silver by 15.1% during the fourth 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. Citigroup Inc. bought a new position in shares of Gatos Silver during the third quarter worth $10,676,000. Geode Capital Management LLC boosted its position in shares of Gatos Silver by 1.2% during the third quarter. Geode Capital Management LLC now owns 514,280 shares of the company’s stock worth $7,759,000 after acquiring an additional 5,991 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Gatos Silver by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,746 shares of the company’s stock worth $3,939,000 after acquiring an additional 6,886 shares during the last quarter. Institutional investors own 44.81% of the company’s stock.

Gatos Silver Stock Performance

Shares of NYSE:GATO opened at $14.40 on Friday. The firm has a fifty day moving average price of $14.45 and a 200 day moving average price of $15.14. Gatos Silver, Inc. has a fifty-two week low of $5.42 and a fifty-two week high of $20.31. 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 Company 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.