The stock of Gatos Silver Inc (NYSE: GATO) has increased by 2.68 when compared to last closing price of 11.55.Despite this, the company has seen a loss of -0.42% in its stock price over the last five trading days. accesswire.com reported 2024-05-16 that NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Gatos Silver, Inc. (NYSE:GATO). The settlement provides for a fund of $21,000,000 to benefit class members.
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 56.58x compared to its average ratio, The 36-month beta value for GATO is at 2.13. 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.”
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The public float for GATO is 46.50M, and currently, shorts hold a 1.20% of that float. The average trading volume for GATO on May 24, 2024 was 427.77K shares.
GATO’s Market Performance
GATO’s stock has seen a -0.42% decrease for the week, with a 16.73% rise in the past month and a 105.55% gain in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 5.33% for Gatos Silver Inc The simple moving average for the past 20 days is 10.23% for GATO’s stock, with a 78.15% simple moving average for the past 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 $12.50, previously predicting the price at $6.50. The rating they have provided for GATO stocks is “Buy” according to the report published on April 23rd, 2024.
BMO Capital Markets gave a rating of “Market Perform” to GATO, setting the target price at $6.25 in the report published on December 01st of the previous year.
GATO Trading at 22.36% 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 -4.59% of loss for the given period.
Volatility was left at 5.33%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares surge +16.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.53% upper at present.
During the last 5 trading sessions, GATO rose by +0.42%, which changed the moving average for the period of 200-days by +185.44% in comparison to the 20-day moving average, which settled at $10.85. In addition, Gatos Silver Inc saw 81.35% 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:
- 0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for Gatos Silver Inc stands at 0.25. The total capital return value is set at 0.06. Equity return is now at value 4.03, with 3.80 for asset returns.
Based on Gatos Silver Inc (GATO), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 28.31. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 81.7.
Currently, EBITDA for the company is -25.71 million with net debt to EBITDA at -5.72. When we switch over and look at the enterprise to sales, we see a ratio of 12.91. The receivables turnover for the company is 37.27for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.09.
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.
