What You Need To Know About Gatos Silver Inc. (GATO)

Gatos Silver Inc. (NYSE:GATO) finished Wednesday with an addition of $0.89 to close at $12.03, an upside of 7.99 percent. An average of 702,340 shares of common stock have been traded in the last five days. There was a gain of $0.93 in the past week. The last 20 days have seen an average of 818,395 shares traded, while the 50-day average volume stands at 709,130.

GATO stock has decreased by -14.44% in the last month. The company shares reached their 1-month lowest point of $10.70 on 10/12/21. Shares of the company touched a low of $5.78 and a high of $24.00 in 52 weeks. In spite of this, the price is down -49.88% from the 52-week high.

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Insider Transactions

57 days have passed since Gatos Silver Inc. (GATO) last reported insider trading activity. Electrum Silver US LLC, who is 10% Owner, most recently acquired $80,337 shares at $14.00 per share on Aug 18. In this transaction, the insider spent $1,124,718. 10% Owner, Electrum Silver US LLC, disposed of 2,500,000 shares at a price of $14.00 on Jul 19. The insider now owns more than $35,000,000 worth of shares. Prior to that, VP of Expl & Chief Geologist Pyle Philip went on to Sale 26,971 shares at $18.09 each on Jun 14. An amount of $487,905 was transacted.

Valuation Metrics

Gatos Silver Inc. (GATO) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. In the last five years, Gatos Silver Inc.’s PE ratio has ranged between 1760.60 and 972.27. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.56.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gatos Silver Inc.’s return on assets was 0.60%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

The analyst consensus anticipated Gatos Silver Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.23, a 76.90% surprise.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Gatos Silver Inc. (GATO) price momentum. RSI 9-day as of the close on 13 October was 56.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.85%.

As of today, GATO’s price is $11.12 +8.38% or $0.93 from its 5-day moving average. GATO is currently trading -13.52% lower than its 20-day SMA and -25.69% lower than its 100-day SMA. However, the stock’s current price level is -13.70% below the SMA50 and +27.17% above the SMA200.

The stochastic %K and %D were 31.88% and 15.68%, respectively, and the average true range (ATR) was 0.61. With the 14-day stochastic at 71.89% and the average true range at 0.64, the RSI (14) stands at 49.23%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.

Analyst Ratings

RBC Capital Mkts upgraded Gatos Silver Inc. (NYSE: GATO) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for Gatos Silver Inc. (GATO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GATO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is GATO’s price target for the next 12 months?

Analysts predict a range of price targets between $12.75 and $20.50, with a median target of $18.50. Taking a look at these predictions, the average price target given by analysts for Gatos Silver Inc. (GATO) stock is $17.56.


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