In the last trading session, 1.58 million Gatos Silver Inc (NYSE:GATO) shares changed hands as the company’s beta touched 2.11. With the company’s per share price at $15.36 changed hands at $0.28 or 1.86% during last session, the market valuation stood at $1.07B. GATO’s last price was a discount, traded about -8.4% off its 52-week high of $16.65. The share price had its 52-week low at $4.39, which suggests the last value was 71.42% up since then. When we look at Gatos Silver Inc’s average trading volume, we note the 10-day average is 1.25 million shares, with the 3-month average coming to 717.12K.
Analysts gave the Gatos Silver Inc (GATO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GATO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Gatos Silver Inc’s EPS for the current quarter is expected to be 0.14.
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Gatos Silver Inc (NYSE:GATO) trade information
Instantly GATO was in green as seen at the end of in last trading. With action -5.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 134.86%, with the 5-day performance at -5.54% in the red. However, in the 30-day time frame, Gatos Silver Inc (NYSE:GATO) is 22.10% up. Looking at the short shares, we see there were 1.19 million shares sold at short interest cover period of 1.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12.5, meaning bulls need a downside of -22.88% from its current market value. According to analyst projections, GATO’s forecast low is 10 with 17.5 as the target high. To hit the forecast high, the stock’s price needs a -13.93% plunge from its current level, while the stock would need to tank 34.9% for it to hit the projected low.
The 2024 estimates are for Gatos Silver Inc earnings to increase by 155.56%.
GATO Dividends
Gatos Silver Inc is expected to release its next quarterly earnings report in November.
Gatos Silver Inc (NYSE:GATO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.16% of Gatos Silver Inc shares while 92.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.65%. There are 92.57% institutions holding the Gatos Silver Inc stock share, with MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGAN the top institutional holder. As of 2024-06-30, the company held 8.9696% of the shares, roughly 6.21 million GATO shares worth $64.78 million.
CONDIRE MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 7.7424% or 5.36 million shares worth $55.92 million as of 2024-06-30.
