Gatos Silver Inc (NYSE: GATO) is 146.33% higher on its value in year-to-date trading and has touched a low of $4.39 and a high of $16.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GATO stock was last observed hovering at around $16.26 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $16.11, the stock is 18.91% and 26.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.92% at the moment leaves the stock 66.79% off its SMA200. GATO registered 187.17% gain for a year compared to 6-month gain of 101.12%. The firm has a 50-day simple moving average (SMA 50) of $12.7798 and a 200-day simple moving average (SMA200) of $9.70985.
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The stock witnessed a 27.96% loss in the last 1 month and extending the period to 3 months gives it a 52.41%, and is 9.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.18% over the week and 5.70% over the month.
Gatos Silver Inc (GATO) has around 19 employees, a market worth around $1.12B and $0.00M in sales. Current P/E ratio is 41.28 and Fwd P/E is 19.24. Distance from 52-week low is 266.97% and -2.07% from its 52-week high. The company has generated returns on investments over the last 12 months (7.17%).
The EPS is expected to grow by 156.94% this year
124.0 institutions hold shares in Gatos Silver Inc (GATO), with institutional investors hold 93.65% of the company’s shares. The shares outstanding are 69.16M, and float is at 46.52M with Short Float at 2.36%. Institutions hold 92.56% of the Float.
The top institutional shareholder in the company is MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGAN with over 6.21 million shares valued at $64.78 million. The investor’s holdings represent 8.9696 of the GATO Shares outstanding. As of 2024-06-30, the second largest holder is CONDIRE MANAGEMENT, LP with 5.36 million shares valued at $55.92 million to account for 7.7424 of the shares outstanding. The other top investors are SPROTT INC. which holds 3.55 million shares representing 5.1252 and valued at over $37.0 million, while EXOR CAPITAL LLP holds 5.0645 of the shares totaling 3.5 million with a market value of $36.58 million.
Gatos Silver Inc (GATO) Insider Activity
The most recent transaction is an insider purchase by Scott Anthony Michael, the company’s SVP, Corp Dev & Tech. Services. SEC filings show that Scott Anthony Michael bought 2,720 shares of the company’s common stock on Feb 23 ’24 at a price of $5.60 per share for a total of $15232.0. Following the purchase, the insider now owns 0.18 million shares.
Gatos Silver Inc disclosed in a document filed with the SEC on Feb 23 ’24 that Bodley Stephen D (Gen. Counsel & CCO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $5.65 per share for $56500.0. Following the transaction, the insider now directly holds 20000.0 shares of the GATO stock.
Still, SEC filings show that on Feb 23 ’24, Andres Dale (Chief Executive Officer) acquired 10,000 shares at an average price of $5.55 for $55500.0. The insider now directly holds 554,479 shares of Gatos Silver Inc (GATO).
