The stock of Gatos Silver Inc (GATO) has gone up by 6.00% for the week, with a 24.79% rise in the past month and a 55.00% rise in the past quarter. The volatility ratio for the week is 5.27%, and the volatility levels for the past 30 days are 5.79% for GATO. The simple moving average for the past 20 days is 21.67% for GATO’s stock, with a 69.24% simple moving average for the past 200 days.
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 41.66x compared to its average ratio, The 36-month beta value for GATO is at 2.10. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for GATO is 46.52M, and currently, shorts hold a 2.36% of that float. The average trading volume for GATO on September 25, 2024 was 668.86K shares.
GATO) stock’s latest price update
Gatos Silver Inc (NYSE: GATO)’s stock price has surge by 7.11relation to previous closing price of 15.18. Nevertheless, the company has seen a 6.00% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-11 that NEW YORK, Sept. 11, 2024 /PRNewswire/ — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
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 28.11% 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 1.94% of gains for the given period.
Volatility was left at 5.79%, however, over the last 30 days, the volatility rate increased by 5.27%, as shares surge +29.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.15% upper at present.
During the last 5 trading sessions, GATO rose by +6.00%, which changed the moving average for the period of 200-days by +173.28% in comparison to the 20-day moving average, which settled at $13.55. In addition, Gatos Silver Inc saw 148.62% 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 Scott Anthony Michael, who purchase 2,720 shares at the price of $5.60 back on Feb 23 ’24. After this action, Scott Anthony Michael now owns 183,144 shares of Gatos Silver Inc, valued at $15,232 using the latest closing price.
Bodley Stephen D, the Gen. Counsel & CCO of Gatos Silver Inc, purchase 10,000 shares at $5.65 during a trade that took place back on Feb 23 ’24, which means that Bodley Stephen D is holding 20,000 shares at $56,500 based on the most recent closing price.
Stock Fundamentals for GATO
The total capital return value is set at 0.06. Equity return is now at value 7.50, with 7.08 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 104.5. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 79.7.
Currently, EBITDA for the company is -25.71 million with net debt to EBITDA at -7.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.42.
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.
