Gatos Silver Inc (NYSE: GATO) Has Advanced 193.47% In 2024; Is The Share Price Attractive Enough At $18?

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Gatos Silver Inc (NYSE:GATO)’s traded shares stood at 0.23 million during the last session, with the company’s beta value hitting 2.11. At the close of trading, the stock’s price was $13.03, to imply an increase of 2.36% or $0.3 in intraday trading. The GATO share’s 52-week high remains $14.45, putting it -10.9% down since that peak but still an impressive 68.23% since price per share fell to its 52-week low of $4.14. The company has a valuation of $903.50M, with an average of 0.41 million shares in intraday trading volume over the past 10 days and average of 507.19K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Gatos Silver Inc (GATO), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GATO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

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Gatos Silver Inc (NYSE:GATO) trade information

After registering a 2.36% upside in the last session, Gatos Silver Inc (GATO) has traded red over the past five days. The 5-day price performance for the stock is 7.24%, and 8.40% over 30 days. With these gigs, the year-to-date price performance is 99.24%. Short interest in Gatos Silver Inc (NYSE:GATO) saw shorts transact 1.27 million shares and set a 2.78 days time to cover.

The extremes give us $10 and $18 for target low and target high price respectively. As such, GATO has been trading -38.14% off suggested target high and 23.25% from its likely low.

GATO Dividends

Gatos Silver Inc has its next earnings report out on 2024-Nov-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Gatos Silver Inc (NYSE:GATO)’s Major holders

Gatos Silver Inc insiders hold 1.16% of total outstanding shares, with institutional holders owning 92.61% of the shares at 93.69% float percentage. In total, 92.61% institutions holds shares in the company, led by MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGAN. As of 2024-06-30, the company held over 6.21 million shares (or 8.9696% of shares), all amounting to roughly $64.78 million.

The next major institution holding the largest number of shares is CONDIRE MANAGEMENT, LP with 5.36 million shares, or about 7.7424% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $55.92 million.