Gatos Silver Inc. (NYSE:GATO) went up by 8.12% from its latest closing price compared to the recent 1-year high of $24.00. The company’s stock price has collected -5.51% of loss in the last five trading sessions. Press Release reported on 07/15/21 that Gatos Silver Announces Pricing of Public Offering
Is It Worth Investing in Gatos Silver Inc. (NYSE :GATO) Right Now?
Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Gatos Silver Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $18.63, which is $2.91 above the current price. GATO currently public float of 58.72M and currently shorts hold a 4.92% ratio of that float. Today, the average trading volume of GATO was 821.93K shares.
GATO’s Market Performance
GATO stocks went down by -5.51% for the week, with a monthly drop of -25.68% and a quarterly performance of 37.47%. The volatility ratio for the week stands at 7.52% while the volatility levels for the past 30 days are set at 7.79% for Gatos Silver Inc.. The simple moving average for the period of the last 20 days is -18.29% for GATO stocks with a simple moving average of 9.66% for the last 200 days.
Analysts’ Opinion of GATO
Many brokerage firms have already submitted their reports for GATO stocks, with RBC Capital Mkts repeating the rating for GATO by listing it as a “Outperform.” The predicted price for GATO in the upcoming period, according to RBC Capital Mkts is $18 based on the research report published on July 20th of the current year 2021.
Canaccord Genuity gave a rating of “Buy” to GATO, setting the target price at $18.50 in the report published on May 27th of the current year.
GATO Trading at -16.49% 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 -42.83% of loss for the given period.
Volatility was left at 7.79%, however, over the last 30 days, the volatility rate increased by 7.52%, as shares sank -24.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.07% upper at present.
During the last 5 trading sessions, GATO fell by -5.51%, in comparison to the 20-day moving average, which settled at $16.57. In addition, Gatos Silver Inc. saw 5.30% 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 Electrum Silver US LLC, who sale 2,500,000 shares at the price of $14.00 back on Jul 19. After this action, Electrum Silver US LLC now owns 4,124,708 shares of Gatos Silver Inc., valued at $35,000,000 using the latest closing price.
Pyle Philip, the VP of Expl & Chief Geologist of Gatos Silver Inc., sale 26,971 shares at $18.09 during a trade that took place back on Jun 14, which means that Pyle Philip is holding 66,218 shares at $487,905 based on the most recent closing price.