The stock of Gatos Silver Inc. (NYSE:GATO) last traded at $4.51, up 1.35% from the previous session.
Data from the available sources indicates that Gatos Silver Inc. (NYSE:GATO) is covered by 3 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $4.50, we find $5.00. Given the previous closing price of $4.45, this indicates a potential upside of 12.36 percent. GATO stock price is now -4.06% away from the 50-day moving average and 23.77% away from the 200-day moving average. The market capitalization of the company currently stands at $291.93M.
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In total, 3 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $5.17 as their price target over the next twelve months.
With the price target maintained at $4, RBC Capital Mkts recently Upgraded its rating from Underperform to Sector Perform for Gatos Silver Inc. (NYSE: GATO). On January 27, 2022, Canaccord Genuity Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $15.50 to quote $4, while ‘RBC Capital Mkts’ rates the stock as ‘Underperform’.
A total of 0.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GATO stock. A new stake in Gatos Silver Inc. shares was purchased by ARLINGTON CAPITAL MANAGEMENT, INC. during the first quarter worth $643,000. CITIGROUP INC invested $617,000 in shares of GATO during the first quarter. In the first quarter, INDEXIQ ADVISORS LLC acquired a new stake in Gatos Silver Inc. valued at approximately $423,000. PARAMETRIC PORTFOLIO ASSOCIATES LLC acquired a new stake in GATO for approximately $255,000. JUMP FINANCIAL, LLC purchased a new stake in GATO valued at around $204,000 in the second quarter. In total, there are 77 active investors with 83.50% ownership of the company’s stock.
With an opening price of $4.3300 on Tuesday morning, Gatos Silver Inc. (NYSE: GATO) set off the trading day. During the past 12 months, Gatos Silver Inc. has had a low of $2.20 and a high of $5.62. The fifty day moving average price for GATO is $4.7010 and a two-hundred day moving average price translates $3.6439 for the stock.
The latest earnings results from Gatos Silver Inc. (NYSE: GATO) was released for Sep, 2021. According to the Other Precious Metals & Mining Company, earnings per share came in at -$0.22, missing analysts’ expectations of $0.08 by -0.3. This compares to -$0.04 EPS in the same period last year. The company reported revenue of $6.5 million for the quarter, compared to $2.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 208.83 percent. For the current quarter, analysts expect GATO to generate $72.9M in revenue.
Gatos Silver Inc.(GATO) Company Profile
Gatos Silver, Inc. engages in the exploration and production of precious metals. It primarily explores for silver deposits. The company explores for zinc, lead, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed its name to Gatos Silver, Inc. in October 2020. Gatos Silver, Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.
