Gatos Silver (GATO) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gatos Silver in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GATO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GATO, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued twelve-month target prices for Gatos Silver's shares. Their GATO share price forecasts range from $4.00 to $4.75. On average, they anticipate the company's share price to reach $4.38 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
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Gatos Silver's stock was trading at $4.09 on January 1st, 2023. Since then, GATO shares have increased by 11.7% and is now trading at $4.57.
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Gatos Silver saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 822,300 shares, a decline of 12.5% from the April 30th total of 939,700 shares. Based on an average daily trading volume, of 537,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024.
View our GATO earnings forecast.

Gatos Silver, Inc. (NYSE:GATO) issued its earnings results on Monday, March, 20th. The company reported ($0.63) EPS for the quarter.

Global X Silver Miners ETF holds 1,322,904 shares of GATO stock, representing 0.80% of its portfolio.

(GATO) raised $150 million in an initial public offering (IPO) on Wednesday, October 28th 2020. The company issued 18,800,000 shares at a price of $7.00-$9.00 per share. BMO Capital Markets, Goldman Sachs and RBC Capital Markets acted as the underwriters for the IPO and Canaccord Genuity and CIBC Capital Markets were co-managers.

Gatos Silver trades on the New York Stock Exchange (NYSE) under the ticker symbol "GATO."

Gatos Silver's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (11.97%), ETF Managers Group LLC (2.77%), Van ECK Associates Corp (2.71%), Mackenzie Financial Corp (2.00%), Mirae Asset Global Investments Co. Ltd. (1.87%) and BlackRock Inc. (1.13%). Insiders that own company stock include Adam Dubas, Electrum Silver Us Llc, Janice Stairs, John Kinyon, Luis Felipe Huerta and Philip Pyle.
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Shares of GATO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GATO stock can currently be purchased for approximately $4.57.

Gatos Silver (NYSE:GATO) has a market capitalization of $316.07 million. The company earns $-43,440,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis.

The official website for the company is www.gatossilver.com. The company can be reached via email at info@gatossilver.com.