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The Gatos Silver Inc. (NYSE: GATO) Stock Dropped -12.39% In A Single Month – Are There Any Hopes For A Gain?

During the last session, Gatos Silver Inc. (NYSE:GATO)’s traded shares were 0.87 million. At the end of the trading day, the stock’s price was $4.03,…

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This article was originally published by The Marketing Sentinal

During the last session, Gatos Silver Inc. (NYSE:GATO)’s traded shares were 0.87 million. At the end of the trading day, the stock’s price was $4.03, reflecting an intraday loss of -6.71% or -$0.29. The 52-week high for the GATO share is $20.26, that puts it down -402.73 from that peak though still a striking 33.5% gain since the share price plummeted to a 52-week low of $2.68. The company’s market capitalization is $285.32M, and the average intraday trading volume over the past 10 days was 0.72 million shares, and the average trade volume was 1.73 million shares over the past three months.

Gatos Silver Inc. (GATO) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.20. GATO has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.17.

Gatos Silver Inc. (NYSE:GATO) trade information

Gatos Silver Inc. (GATO) registered a -6.71% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.71% in intraday trading to $4.03 this Friday, 04/22/22, hitting a weekly high. The stock’s 5-day price performance is -19.56%, and it has moved by -12.39% in 30 days. Based on these gigs, the overall price performance for the year is -61.21%. The short interest in Gatos Silver Inc. (NYSE:GATO) is 1.48 million shares and it means that shorts have 2.22 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.13, which implies an increase of 21.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.50 and $5.75 respectively. As a result, GATO is trading at a discount of -42.68% off the target high and -11.66% off the low.

Gatos Silver Inc. (GATO) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 130.90% this quarter and then jump 933.30% in the quarter after that. In the rating firms’ projections, revenue will increase 102.50% compared to the previous financial year.

While earnings are projected to return -110.30% in 2022.

GATO Dividends

Gatos Silver Inc. is due to release its next quarterly earnings between March 28 and April 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Gatos Silver Inc. (NYSE:GATO)’s Major holders

Gatos Silver Inc. insiders own 1.01% of total outstanding shares while institutional holders control 90.44%, with the float percentage being 91.37%. FMR, LLC is the largest shareholder of the company, while 135 institutions own stock in it. As of Sep 29, 2021, the company held over 8.76 million shares (or 12.67% of all shares), a total value of $101.83 million in shares.

The next largest institutional holding, with 6.21 million shares, is of Municipal Employees” Retirement System Of Michigan’s that is approximately 8.98% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $72.17 million.

Also, the Mutual Funds coming in first place with the largest holdings of Gatos Silver Inc. (GATO) shares are ETF Managers Tr-ETFMG Prime Junior Silver ETF and Fidelity Contrafund Inc. Data provided on Sep 29, 2021 indicates that ETF Managers Tr-ETFMG Prime Junior Silver ETF owns about 1.99 million shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $23.2 million market value. The same data shows that the other fund manager holds slightly less at 1.71 million, or about 2.47% of the stock, which is worth about $20.68 million.


Author: Isaac Mitchell

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