The trading price of Gatos Silver Inc (NYSE:GATO) closed higher on current market day and closing at $15.91, 0.32% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $15.81 and $16.88. The company’s P/E ratio in the trailing 12-month period was 40.76, while its 5Y monthly beta was 2.107. In examining the 52-week price action we see that the stock hit a 52-week high of $16.65 and a 52-week low of $4.39. Over the past month, the stock has gained 30.62% in value.
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Gatos Silver Inc, whose market valuation is $1.10 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.14 per share this quarter, however they have predicted annual earnings per share of 0.46 for current year and 0.79 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 315.33M.
On the technical side, indicators suggest GATO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GATO a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Gatos Silver Inc (GATO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that GATO’s price is currently 7.34% off the SMA20 and 21.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.87, and weekly volatility stands at 4.56%. When measured over the past 30 days, the indicator reaches 5.20%. Gatos Silver Inc (NYSE:GATO)’s beta value is currently sitting at 2.10, while the Average True Range indicator is currently displaying 0.76. With analysts defining $10-$17.5 as the low and high price targets, we arrive at a consensus price target of $12.5 for the trailing 12-month period. The current price is about 37.15% off the estimated low and -9.99% off the forecast high, based on this estimate. Investors will be thrilled if GATO’s share price rises to $12.5, which is the median consensus price. At that level, GATO’s share price would be 21.43% above current price.
To see how Gatos Silver Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GATO stock’s performance was 0.32% in the latest trading, and 245.12% in the past year. Gatos Silver Inc has a P/E ratio of 40.76.
An evaluation of the daily trading volume of Gatos Silver Inc (NYSE:GATO) indicates that the 3-month average is 760.73K. However, this figure has increased over the past 10 days to an average of 1.15.
Currently, records show that 69.16 million of the company’s shares remain outstanding. The insiders hold 32.91% of outstanding shares, whereas institutions hold 53.59%. The stats also highlight that short interest as of 2024-09-13, stood at 1.19 million shares, resulting in a short ratio of 1.49 at that time. From this, we can conclude that short interest is 233.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 1.28 million. However, since the stock’s price has seen 143.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
