A share price of Gatos Silver Inc [GATO] is currently trading at $16.41, up 6.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GATO shares have gain 9.77% over the last week, with a monthly amount drifted -3.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Gatos Silver Inc [NYSE: GATO] stock has seen the most recent analyst activity on October 22, 2024, when Canaccord Genuity downgraded its rating to a Hold. Previously, CIBC upgraded its rating to Sector Outperform on May 22, 2024. On April 23, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $12.50 on the stock. Canaccord Genuity downgraded its rating to a Hold. Canaccord Genuity upgraded its rating to Buy for this stock on September 07, 2023, and upped its price target to $5.50. In a note dated April 08, 2022, RBC Capital Mkts upgraded an Sector Perform rating on this stock but restated the target price of $4.
Gatos Silver Inc experienced fluctuations in its stock price throughout the past year between $5.42 and $20.31. Currently, Wall Street analysts expect the stock to reach $16.83 within the next 12 months. Gatos Silver Inc [NYSE: GATO] shares were valued at $16.41 at the most recent close of the market. An investor can expect a potential return of 2.56% based on the average GATO price forecast.
Analyzing the GATO fundamentals
Gross Profit Margin for this corporation currently stands at -0.36% with Operating Profit Margin at 2916.36%, Pretax Profit Margin comes in at 2479.79%, and Net Profit Margin reading is 2421.57%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.09 and Total Capital is 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.05 points at the first support level, and at 15.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.02, and for the 2nd resistance point, it is at 17.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gatos Silver Inc [NYSE:GATO] is 9.67. Also, the Quick Ratio is 9.67, while the Cash Ratio stands at 0.59.
Transactions by insiders
Recent insider trading involved Scott Anthony Michael, SVP, Corp Dev & Tech. Services, that happened on Feb 23 ’24 when 2720.0 shares were purchased. Gen. Counsel & CCO, Bodley Stephen D completed a deal on Feb 23 ’24 to buy 10000.0 shares. Meanwhile, Chief Executive Officer Andres Dale bought 10000.0 shares on Feb 23 ’24.
