Gatos Silver Inc. (NYSE: GATO) stock jumped 2.79% on Wednesday to $3.69 against a previous-day closing price of $3.59. With 0.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.39 million shares. The 52-week range on GATO shows that it touched its highest point at $13.68 and its lowest point at $2.20 during that stretch. It currently has a 1-year price target of $4.19.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GATO was up-trending over the past week, with a rise of 1.65%, but this was up by 5.43% over a month. Three-month performance surged to 5.13% while six-month performance rose 19.42%. The stock lost -72.46% in the past year, while it has lost -64.45% so far this year. A look at the trailing 12-month EPS for GATO yields -0.21 with Next year EPS estimates of 0.37. For the next quarter, that number is 0.15. This implies an EPS growth rate of 144.10% for this year and -9.80% for next year.
Float and Shares Shorts:
At present, 69.13 million GATO shares are outstanding with a float of 68.51 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.18 million, which was 3.15% higher than short shares on Sep 14, 2022. In addition to Mr. Dale E. Andres as the firm’s CEO & Director, Mr. Pieter Andre van Niekerk serves as its Chief Financial Officer.
Through their ownership of 87.55% of GATO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.65% of GATO, in contrast to 30.67% held by mutual funds. Shares owned by individuals account for 19.79%. As the largest shareholder in GATO with 12.88% of the stake, Fidelity Management & Research Co holds 8,905,158 shares worth 8,905,158. A second-largest stockholder of GATO, The Municipal Employees’ Retireme, holds 6,205,259 shares, controlling over 8.98% of the firm’s shares. Exor Investments is the third largest shareholder in GATO, holding 2,872,657 shares or 4.16% stake. With a 8.68% stake in GATO, the Fidelity Select Port. – Gold Port is the largest stakeholder. A total of 6,000,000 shares are owned by the mutual fund manager. The ETFMG Prime Junior Silver ETF, which owns about 3.51% of GATO stock, is the second-largest Mutual Fund holder. It holds 2,427,957 shares valued at 8.01 million. Vanguard Total Stock Market Index holds 2.64% of the stake in GATO, owning 1,823,104 shares worth 6.02 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GATO since 4 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GATO analysts setting a high price target of $5.75 and a low target of $3.75, the average target price over the next 12 months is $4.31. Based on these targets, GATO could surge 55.83% to reach the target high and rise by 1.63% to reach the target low. Reaching the average price target will result in a growth of 16.8% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GATO will report FY 2022 earnings on 03/27/2023. Analysts have provided yearly estimates in a range of $0.63 being high and $0.05 being low. For GATO, this leads to a yearly average estimate of $0.36. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Gatos Silver Inc. surprised analysts by $0.01 when it reported $0.10 EPS against a consensus estimate of $0.09. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is $0.25 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.12.
Summary of Insider Activity:
Insiders traded GATO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.