Gatos Silver, Inc. (NYSE:GATO) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in Gatos Silver, Inc. (NYSE:GATO) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,878 shares of the company’s stock after selling 5,978 shares during the quarter. Legal & General Group Plc’s holdings in Gatos Silver were worth $502,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Gatos Silver in the fourth quarter valued at $36,000. AlphaQuest LLC acquired a new stake in shares of Gatos Silver during the 4th quarter valued at about $66,000. Synergy Asset Management LLC acquired a new stake in shares of Gatos Silver during the 4th quarter valued at about $138,000. Pictet Asset Management Holding SA purchased a new position in shares of Gatos Silver in the 4th quarter valued at about $146,000. Finally, Barclays PLC raised its holdings in Gatos Silver by 1,332.9% in the 3rd quarter. Barclays PLC now owns 10,116 shares of the company’s stock worth $152,000 after purchasing an additional 9,410 shares during the period. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Gatos Silver Stock Performance

Shares of GATO opened at $14.40 on Wednesday. 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, Inc. has a 12 month low of $9.50 and a 12 month high of $20.31. The stock’s 50 day moving average is $14.40 and its two-hundred day moving average is $15.17.

About Gatos Silver

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.