Gatos Silver Inc. (NYSE:GATO) went up by 7.67% from its latest closing price compared to the recent 1-year high of $24.00. The company’s stock price has collected 20.60% of gains in the last five trading sessions. Press Release reported on 06/01/21 that Dale Andres Joins Gatos Silver Executive Management Team as President
Is It Worth Investing in Gatos Silver Inc. (NYSE :GATO) Right Now?
Opinions of the stock are interesting as 2 analysts out of 4 who provided ratings for Gatos Silver Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $16.75, which is -$4.71 below the current price. GATO currently public float of 58.74M and currently shorts hold a 3.40% ratio of that float. Today, the average trading volume of GATO was 577.98K shares.
GATO’s Market Performance
GATO stocks went up by 20.60% for the week, with a monthly jump of 54.79% and a quarterly performance of 37.25%. The volatility ratio for the week stands at 8.32% while the volatility levels for the past 30 days are set at 7.97% for Gatos Silver Inc.. The simple moving average for the period of the last 20 days is 23.74% for GATO stocks with a simple moving average of 66.44% for the last 200 days.
Analysts’ Opinion of GATO
Canaccord Genuity, on the other hand, stated in their research note that they expect to see GATO reach a price target of $18.50. The rating they have provided for GATO stocks is “Buy” according to the report published on May 27th, 2021.
CIBC gave a rating of “Sector Outperform” to GATO, setting the target price at $14 in the report published on April 14th of the current year.
GATO Trading at 52.47% from the 50-Day Moving Average
After a stumble in the market that brought GATO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.25% of loss for the given period.
Volatility was left at 7.97%, however, over the last 30 days, the volatility rate increased by 8.32%, as shares surge +60.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +90.00% upper at present.
During the last 5 trading sessions, GATO rose by +20.60%, in comparison to the 20-day moving average, which settled at $16.03. In addition, Gatos Silver Inc. saw 48.73% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GATO starting from Huerta Luis Felipe, who sale 33,368 shares at the price of $18.61 back on Jun 07. After this action, Huerta Luis Felipe now owns 0 shares of Gatos Silver Inc., valued at $620,978 using the latest closing price.
Huerta Luis Felipe, the Vice President, Mexico of Gatos Silver Inc., sale 11,632 shares at $16.63 during a trade that took place back on Jun 03, which means that Huerta Luis Felipe is holding 0 shares at $193,440 based on the most recent closing price.