Gatos Silver Inc (NYSE: GATO) has a price-to-earnings ratio that is above its average at 47.32x. The stock has a 36-month beta value of 2.11. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for GATO is 46.53M, and at present, short sellers hold a 3.20% of that float. On October 21, 2024, the average trading volume of GATO was 776.66K shares.
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GATO) stock’s latest price update
The stock price of Gatos Silver Inc (NYSE: GATO) has jumped by 15.51 compared to previous close of 15.99. Despite this, the company has seen a gain of 12.42% in its stock price over the last five trading days. globenewswire.com reported 2024-10-09 that VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced production results for the quarter and nine months ended September 30, 2024 at its 70%-owned Cerro Los Gatos (“CLG”) mine in Mexico, including an 11% increase in silver equivalent production in the third quarter of 2024 compared with a year earlier. Gatos Silver also announced improved annual production and cost guidance for 2024.
GATO’s Market Performance
Gatos Silver Inc (GATO) has experienced a 12.42% rise in stock performance for the past week, with a 22.40% rise in the past month, and a 43.74% rise in the past quarter. The volatility ratio for the week is 6.17%, and the volatility levels for the past 30 days are at 4.66% for GATO. The simple moving average for the past 20 days is 14.72% for GATO’s stock, with a 75.32% 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 30.26% 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 6.45% of gains for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 6.17%, as shares surge +18.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +73.75% upper at present.
During the last 5 trading sessions, GATO rose by +12.42%, which changed the moving average for the period of 200-days by +215.73% in comparison to the 20-day moving average, which settled at $16.10. In addition, Gatos Silver Inc saw 182.42% 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 -22.31 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
To sum up, Gatos Silver Inc (GATO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
