In yesterday’s Wall Street session, Gatos Silver Inc (NYSE:GATO) shares traded at $12.18, up 4.82% from the previous session.
GATO stock price is now 1.39% away from the 50-day moving average and 34.00% away from the 200-day moving average. The market capitalization of the company currently stands at $844.56M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On April 23, 2024, Canaccord Genuity Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $6.50 to quote $12.50, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Scott Anthony Michael, SVP, Corp Dev & Tech. Services bought 2,720 shares of the company’s stock on Feb 23 ’24. The stock was bought for $15,232 at an average price of $5.60. Upon completion of the transaction, the SVP, Corp Dev & Tech. Services now directly owns 183,144 shares in the company, valued at $2.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, Gen. Counsel & CCO Bodley Stephen D bought 10,000 shares of the business’s stock. A total of $56,500 was incurred on buying the stock at an average price of $5.65. This leaves the insider owning 20,000 shares of the company worth $0.24 million. A total of 32.98% of the company’s stock is owned by insiders.
During the past 12 months, Gatos Silver Inc has had a low of $4.39 and a high of $14.45. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.42, and a quick ratio of 9.42. The fifty day moving average price for GATO is $12.0126 and a two-hundred day moving average price translates $9.0895 for the stock.
The latest earnings results from Gatos Silver Inc (NYSE: GATO) was released for 2024-06-30. The company reported revenue of $7.92 million for the quarter, compared to $6.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.53 percent.
