In last trading session, Gatos Silver Inc (NYSE:GATO) saw 0.84 million shares changing hands with its beta currently measuring 2.11. Company’s recent per share price level of $12.15 trading at -$0.02 or -0.16% at ring of the bell on the day assigns it a market valuation of $842.48M. That closing price of GATO’s stock is at a discount of -18.93% from its 52-week high price of $14.45 and is indicating a premium of 67.0% from its 52-week low price of $4.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.42 million shares which gives us an average trading volume of 519.97K if we extend that period to 3-months.
For Gatos Silver Inc (GATO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.14 in the current quarter.
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Gatos Silver Inc (NYSE:GATO) trade information
Upright in the red during last session for losing -0.16%, in the last five days GATO remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $12.15 price level, adding 3.57% to its value on the day. Gatos Silver Inc’s shares saw a change of 85.78% in year-to-date performance and have moved 14.41% in past 5-day. Gatos Silver Inc (NYSE:GATO) showed a performance of -7.18% in past 30-days. Number of shares sold short was 1.27 million shares which calculate 2.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12.5 to the stock, which implies a rise of 2.8% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would jump 17.7% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.7% for stock’s current value.
Gatos Silver Inc (NYSE:GATO)’s Major holders
Insiders are in possession of 1.16% of company’s total shares while institution are holding 93.96 percent of that, with stock having share float percentage of 95.07%. Investors also watch the number of corporate investors in a company very closely, which is 93.96% institutions for Gatos Silver Inc that are currently holding shares of the company. MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGAN is the top institutional holder at GATO for having 6.21 million shares of worth $52.06 million. And as of 2024-03-31, it was holding 8.9719 of the company’s outstanding shares.
The second largest institutional holder is CONDIRE MANAGEMENT, LP, which was holding about 5.75 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.3136 of outstanding shares, having a total worth of $48.24 million.
On the other hand, Amplify ETF Tr-Amplify Junior Silver Miners ETF and Sprott Gold Equity Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 2.07 shares of worth $25.19 million or 2.99% of the total outstanding shares. The later fund manager was in possession of 2.04 shares on Mar 31, 2024 , making its stake of worth around $24.78 million in the company or a holder of 2.94% of company’s stock.
