Gatos Silver Inc (NYSE:GATO) finished Friday with an addition of $0.04 to close at $5.18, an upside of 0.78 percent. An average of 704,280 shares of common stock have been traded in the last five days. There was a fall of -$0.48 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 492,775 shares traded, while the 50-day average volume stands at 385,334.
GATO stock has increased by 10.21% in the last month. The company shares reached their 1-month lowest point of $4.40 on 09/07/23. With the stock rallying to its 52-week high on 04/11/23, shares of the company touched a low of $2.40 and a high of $7.49 in 52 weeks. It has reached a new high 15 times so far this year and achieved 26.65% or $1.09 in price. In spite of this, the price is down -30.84% from the 52-week high.
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Valuation Metrics
Gatos Silver Inc (GATO) stock’s beta is 2.18. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.03.
Financial Health
The quick ratio of Gatos Silver Inc for the three months ended June 29 was 1.05, and the current ratio was 1.05, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.03 for the quarter ending June 29. Its gross profit as reported stood at $0.43 million compared to revenue of $25.76 million.
Earnings Surprise
For the three-month period that ended June 29, Gatos Silver Inc had $8.72 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.59 million in the quarter, while revenues were grew 245.68%. The analyst consensus anticipated Gatos Silver Inc’s latest quarter earnings to come in at $0.03 per share, but it turned out to be -$0.05, a -266.70% surprise. For the quarter, EBITDA amounted to -$6.13 million. Shareholders own equity worth $69.16 million.
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 29 September was 44.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.34%.
As of today, GATO’s price is $5.27 -8.48% or -$0.48 from its 5-day moving average. GATO is currently trading +13.35% higher than its 20-day SMA and -16.45% lower than its 100-day SMA. However, the stock’s current price level is +5.71% above the SMA50 and +26.03% above the SMA200.
The stochastic %K and %D were 19.17% and 33.92%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 15.98% and the average true range at 0.29, the RSI (14) stands at 50.47%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Analyst Ratings
Canaccord Genuity upgraded Gatos Silver Inc (NYSE: GATO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. 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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 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 $5.50 and $8.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Gatos Silver Inc (GATO) stock is $6.33.
