Precious Metals
Views On Gatos Silver Inc. (GATO) From A Technical Perspective
The stock of Gatos Silver Inc. (NYSE:GATO) increased by $0.32 on Monday to finish at $4.10, up 8.47 percent. The last five days have seen an average of…
The stock of Gatos Silver Inc. (NYSE:GATO) increased by $0.32 on Monday to finish at $4.10, up 8.47 percent. The last five days have seen an average of 548,480 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$0.02. The average number of shares traded over the last 20 days was 415,340, while the average volume over the last 50 days totaled 386,312.
GATO stock dropped -13.14% since last month. On 06/28/23, the company’s shares reached a one-month low of $3.51. The stock touched a high of $7.49 on 04/11/23, after rallying from a low of $2.20 in 52 weeks. The price of GATO stock has risen by 0.24% or -$0.02 this year, reaching a new high 15 times. Still, the stock price is down -45.26% from the 52-week high.
Valuation Metrics
Gatos Silver Inc. (GATO) has a trailing price-to-earnings (P/E) ratio of 19.62. Beta for the stock is 2.22.
Financial Health
For the three months ended March 30, Gatos Silver Inc.’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.02, and the total debt to equity ratio is 0.02. Based on annual data, it had gross profit of $0.43 million and revenue of $25.76 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GATO’s return on assets (ROA) during the last 12 months has been -5.70%. In the meantime, the return on equity (ROE) for the last 12 months was -6.00%.
Earnings Surprise
According to Gatos Silver Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Gatos Silver Inc.’s quarterly earnings would be $0.01, but it ended up being $0.13, beating the consensus by -92.30%. EBITDA was -$5.56 million for the quarter. Equity owned by shareholders amounts to $69.16 million.
Technical Picture
Here’s a quick look at Gatos Silver Inc.’s (GATO) price momentum from a technical perspective. As of 03 July, the RSI 9-day stood at 50.55%, suggesting the stock is Neutral, with a 73.51% historical volatility rate.
The stochastic %K and %D were 51.51% and 39.64% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 71.79%, the RSI (14) reading is 44.00%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.03.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Gatos Silver Inc. (NYSE: GATO) to a Sector perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Gatos Silver Inc. (GATO) an Hold rating. GATO is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is GATO’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.25 and $8.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Gatos Silver Inc. (GATO) is $5.75.
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