The stock price of Gatos Silver Inc (NYSE: GATO) has jumped by 8.31 compared to previous close of 8.78. Despite this, the company has seen a gain of 18.73% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-15 that VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced that it has set the date of its 2024 annual meeting of stockholders (the “Annual Meeting”) as June 6, 2024. The record date for the Annual Meeting is April 11, 2024. The time, format and other details for the Annual Meeting will be set forth in the Company’s proxy materials for the Annual Meeting, which will be filed on both EDGAR and SEDAR+ systems.
Is It Worth Investing in Gatos Silver Inc (NYSE: GATO) Right Now?
Gatos Silver Inc (NYSE: GATO) has a higher price-to-earnings ratio of 51.21x compared to its average ratio, The 36-month beta value for GATO is at 2.20. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GATO is 45.80M, and currently, shorts hold a 1.54% of that float. The average trading volume for GATO on April 04, 2024 was 291.51K shares.
GATO’s Market Performance
GATO stock saw an increase of 18.73% in the past week, with a monthly gain of 36.05% and a quarterly increase of 54.89%. The volatility ratio for the week is 5.59%, and the volatility levels for the last 30 days are 6.34% for Gatos Silver Inc (GATO). The simple moving average for the past 20 days is 19.68% for GATO’s stock, with a 70.13% simple moving average for the past 200 days.
Analysts’ Opinion of GATO
Many brokerage firms have already submitted their reports for GATO stocks, with BMO Capital Markets repeating the rating for GATO by listing it as a “Market Perform.” The predicted price for GATO in the upcoming period, according to BMO Capital Markets is $6.25 based on the research report published on December 01, 2023 of the previous year 2023.
Canaccord Genuity gave a rating of “Buy” to GATO, setting the target price at $5.50 in the report published on September 07th of the previous year.
GATO Trading at 37.82% 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 able to rebound, for now settling with 7.77% of gains for the given period.
Volatility was left at 6.34%, however, over the last 30 days, the volatility rate increased by 5.59%, as shares surge +36.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.63% upper at present.
During the last 5 trading sessions, GATO rose by +18.73%, which changed the moving average for the period of 200-days by +135.40% in comparison to the 20-day moving average, which settled at $8.07. In addition, Gatos Silver Inc saw 45.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GATO starting from Bodley Stephen D, who purchase 10,000 shares at the price of $5.65 back on Feb 23 ’24. After this action, Bodley Stephen D now owns 20,000 shares of Gatos Silver Inc, valued at $56,500 using the latest closing price.
Andres Dale, the Chief Executive Officer of Gatos Silver Inc, purchase 10,000 shares at $5.55 during a trade that took place back on Feb 23 ’24, which means that Andres Dale is holding 554,479 shares at $55,500 based on the most recent closing price.
Stock Fundamentals for GATO
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 1.0 for the gross margin
The net margin for Gatos Silver Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 3.59, with 3.27 for asset returns.
Currently, EBITDA for the company is -25.71 million with net debt to EBITDA at -4.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.7. The receivables turnover for the company is 6.03for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In conclusion, Gatos Silver Inc (GATO) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
