Gatos Silver Inc. (NYSE:GATO) went up by 2.44% from its latest closing price compared to the recent 1-year high of $20.26. The company’s stock price has collected -13.27% of loss in the last five trading sessions. The Wall Street Journal reported on 02/07/21 that Silver Billionaire Thomas Kaplan Welcomes Trading Frenzy
Is It Worth Investing in Gatos Silver Inc. (NYSE :GATO) Right Now?
Opinions of the stock are interesting as 0 analysts out of 4 who provided ratings for Gatos Silver Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $5.00, which is $2.18 above the current price. GATO currently public float of 46.59M and currently shorts hold a 5.47% ratio of that float. Today, the average trading volume of GATO was 1.10M shares.
GATO’s Market Performance
GATO stocks went down by -13.27% for the week, with a monthly drop of -35.53% and a quarterly performance of -11.18%, while its annual performance rate touched -75.64%. The volatility ratio for the week stands at 9.87% while the volatility levels for the past 30 days are set at 8.37% for Gatos Silver Inc.. The simple moving average for the period of the last 20 days is -23.19% for GATO stocks with a simple moving average of -68.13% 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 “Sector Perform.” The predicted price for GATO in the upcoming period, according to RBC Capital Mkts is $4 based on the research report published on April 08th of the current year 2022.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see GATO reach a price target of $4, previously predicting the price at $15.50. The rating they have provided for GATO stocks is “Hold” according to the report published on January 27th, 2022.
RBC Capital Mkts gave a rating of “Underperform” to GATO, setting the target price at $4 in the report published on January 26th of the current year.
GATO Trading at -30.29% 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 -85.49% of loss for the given period.
Volatility was left at 8.37%, however, over the last 30 days, the volatility rate increased by 9.87%, as shares sank -38.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.54% lower at present.
During the last 5 trading sessions, GATO fell by -13.27%, which changed the moving average for the period of 200-days by -78.25% in comparison to the 20-day moving average, which settled at $3.74. In addition, Gatos Silver Inc. saw -71.68% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at GATO starting from Orr Stephen A., who purchase 8,000 shares at the price of $12.53 back on Aug 18. After this action, Orr Stephen A. now owns 8,000 shares of Gatos Silver Inc., valued at $100,240 using the latest closing price.
Electrum Silver US LLC, the 10% Owner of Gatos Silver Inc., sale 80,337 shares at $14.00 during a trade that took place back on Aug 18, which means that Electrum Silver US LLC is holding 4,109,704 shares at $1,124,718 based on the most recent closing price.
Stock Fundamentals for GATO
Equity return is now at value 0.50, with 0.50 for asset returns.