In yesterday’s Wall Street session, Gatos Silver Inc (NYSE:GATO) shares traded at $15.42, down -0.39% from the previous session.
GATO stock price is now -7.99% away from the 50-day moving average and 27.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
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, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
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 $2.82 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 $0.31 million. A total of 32.91% of the company’s stock is owned by insiders.
During the past 12 months, Gatos Silver Inc has had a low of $5.42 and a high of $20.31. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.67, and a quick ratio of 9.67. The fifty day moving average price for GATO is $16.7456 and a two-hundred day moving average price translates $12.03855 for the stock.
The latest earnings results from Gatos Silver Inc (NYSE: GATO) was released for 2024-06-30. The company reported revenue of $10.58 million for the quarter, compared to $7.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.16 percent.
