After finishing at $9.32 in the prior trading day, Gatos Silver Inc (NYSE: GATO) closed at $9.64, up 3.43%. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 609125 shares were traded.
Ratios:
Our goal is to gain a better understanding of GATO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.36 and its Current Ratio is at 2.36. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Canaccord Genuity Upgraded its Hold to Buy on September 07, 2023, whereas the target price for the stock was revised from $5 to $5.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 23 ’24 when Bodley Stephen D bought 10,000 shares for $5.65 per share. The transaction valued at 56,500 led to the insider holds 20,000 shares of the business.
Andres Dale bought 10,000 shares of GATO for $55,500 on Feb 23 ’24. The Chief Executive Officer now owns 554,479 shares after completing the transaction at $5.55 per share. On Feb 23 ’24, another insider, Scott Anthony Michael, who serves as the SVP, Corp Dev & Tech. Services of the company, bought 2,720 shares for $5.60 each. As a result, the insider paid 15,232 and bolstered with 183,144 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GATO now has a Market Capitalization of 644.77M and an Enterprise Value of 611.34M. As of this moment, Gatos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.91, and their Forward P/E ratio for the next fiscal year is 26.00.
Stock Price History:
Over the past 52 weeks, GATO has reached a high of $9.79, while it has fallen to a 52-week low of $3.51. The 50-Day Moving Average of the stock is 7.21, while the 200-Day Moving Average is calculated to be 5.72.
Shares Statistics:
The stock has traded on average 315.64K shares per day over the past 3-months and 403.44k shares per day over the last 10 days, according to various share statistics. A total of 69.16M shares are outstanding, with a floating share count of 45.80M. Insiders hold about 33.80% of the company’s shares, while institutions hold 47.19% stake in the company. Shares short for GATO as of Mar 15, 2024 were 703.92k with a Short Ratio of 2.23, compared to 741.49k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.02% and a Short% of Float of 1.38%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.04, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.03, with high estimates of $0.04 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.24 and $0.06 for the fiscal current year, implying an average EPS of $0.15. EPS for the following year is $0.38, with 3 analysts recommending between $0.53 and $0.19.
Revenue Estimates
Based on 2 analysts’ estimates, the company’s revenue will be $288M in the next fiscal year. The high estimate is $319M and the low estimate is $257M. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.
