Update from Gatos Silver Inc. (GATO): A steady trajectory

The closing price of Gatos Silver Inc. (NYSE: GATO) was $4.51 for the day, down -1.74% from the previous closing price of $4.59. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 998192 shares were traded. GATO stock price reached its highest trading level at $4.7400 during the session, while it also had its lowest trading level at $4.4850.

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Our analysis of GATO’s different ratios will help us gain a deeper understanding of the company.

Upgrades & Downgrades

On January 27, 2022, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $15.50 to $4.

RBC Capital Mkts Downgraded its Outperform to Underperform on January 26, 2022, whereas the target price for the stock was revised from $17 to $4.

Stock Price History:

Over the past 52 weeks, GATO has reached a high of $5.62, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is 4.7430, while the 200-Day Moving Average is calculated to be 3.6946.

Shares Statistics:

GATO traded an average of 378.99K shares per day over the past three months and 580.99k shares per day over the past ten days. A total of 66.41M shares are outstanding, with a floating share count of 46.78M. Insiders hold about 0.91% of the company’s shares, while institutions hold 83.50% stake in the company. Shares short for GATO as of Jan 30, 2023 were 1.41M with a Short Ratio of 1.43M, compared to 1.58M on Dec 29, 2022.

Earnings Estimates

The firm’s stock currently is rated by 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.55. The consensus estimate for the next quarter is $0.16, with high estimates of $0.18 and low estimates of $0.14.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.49, with 3 analysts recommending between $0.51 and $0.47.

Revenue Estimates

A total of 3 analysts have provided revenue estimates for GATO’s current fiscal year. The highest revenue estimate was $250M, while the lowest revenue estimate was $194M, resulting in an average revenue estimate of $251.2M. In the same quarter a year ago, actual revenue was $121.5M, up 106.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $234.33M in the next fiscal year. The high estimate is $295M and the low estimate is $188M. The average revenue growth estimate for next year is down -6.70% from the average revenue estimate for this year.