Gatos Silver Inc. (NYSE:GATO) currently has a daily average trading volume of 390.84K but it saw 780705 shares traded on Thursday. With a market cap of 299.51M USD, stock’s current market price of $4.51 while comparing to the previous closing price of $4.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.62 and as low as $2.20. In the recent trading on the day, stock has struck highest price mark of $4.61 while lowest mark touched by it was $4.49.
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Taking a look at 20-day trading activity of Gatos Silver Inc. (GATO) gives us an average price of $4.47, while its current price level is -19.82% below from 52-week high level whereas it is 105.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.75 while that of 200 days or SMA-200 reads an average of $3.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.09% during that period while stretching the period over a month that decreases to 5.93%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.26 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which upgraded the stock as “Sector Perform” in its note to investors issued on April 08, 2022, recommending a price target of $4 for it. Canaccord Genuity downgraded its recommendation for the stock as a “Hold” from “Buy” on January 27, 2022 while assigning a price target range of $15.50-$4. RBC Capital Mkts issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $17 and $4.
Over the week, GATO’s stock price is moving 1.58% up while it is -6.24% when we observe its performance for the past one month. Year-to-date it is 10.27% up and over the past year, the stock is showing a downside performance of -3.84%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2021, when its quarterly earnings per share (EPS) of -$0.22 beaten by the consensus estimate of $0.08 for the same. In next quarter, company is expected to be making quarterly sales of $77 million as analysts are expecting the sales for current fiscal year at $251.2 million and seeing the company making $234.33 million in sales next year. Moreover, analysts are in estimates of $72.9 million for current-quarter revenue.
Currently, Gatos Silver Inc.’s total number of outstanding shares is 66.41M with 0.91% of that held by the insiders while 84.29% of its common stock has been owned by the institutions. It has a 8.84 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.80.
A filing at the U.S. Securities and Exchange Commission revealed that Fidelity Select Port – Gold Port came shrinking its share ownership by 15.00% in the Gatos Silver Inc. (GATO) increasing its stake to 9.98% with control over 0.9 million shares in the company. In the most recent quarter, VanEck Junior Gold Miners ETF came rising its stake by 0.96% in the company and now holds 1.62 million or 2.35% of the company’s stake having worth of about 6.56 million.
