Gatos Silver Inc’s filing revealed that its Gen. Counsel & CCO Bodley Stephen D acquired Company’s shares for reported $56500.0 on Feb 23 ’24. In the deal valued at $5.65 per share,10,000 shares were bought. As a result of this transaction, Bodley Stephen D now holds 20,000 shares worth roughly $0.19 million.
Then, Andres Dale bought 10,000 shares, generating $55,500 in total proceeds. Upon buying the shares at $5.55, the Chief Executive Officer now owns 554,479 shares.
Before that, Scott Anthony Michael bought 2,720 shares. Gatos Silver Inc shares valued at $15,232 were divested by the SVP, Corp Dev & Tech. Services at a price of $5.60 per share. As a result of the transaction, Scott Anthony Michael now holds 183,144 shares, worth roughly $1.7 million.
A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Canaccord Genuity also remained covering GATO and has increased its forecast on September 07, 2023 with a “Buy” recommendation from previously “Hold” rating. RBC Capital Mkts revised its rating on April 08, 2022. It rated GATO as “a Sector perform” which previously was an “an Underperform”.
Price Performance Review of GATO
On Friday, Gatos Silver Inc [NYSE:GATO] saw its stock jump 1.98% to $9.27. Over the last five days, the stock has gained 10.49%. Gatos Silver Inc shares have risen nearly 41.74% since the year began. Nevertheless, the stocks have risen 45.75% over the past one year. While a 52-week high of $9.59 was reached on 04/04/24, a 52-week low of $3.51 was recorded on 02/22/24. SMA at 50 days reached $7.09, while 200 days put it at $5.67. A total of 0.8 million shares were traded, compared to the trading of 0.53 million shares in the previous session.
Levels Of Support And Resistance For GATO Stock
The 24-hour chart illustrates a support level at 8.58, which if violated will result in even more drops to 7.89. On the upside, there is a resistance level at 9.72. A further resistance level may holdings at 10.17. The Relative Strength Index (RSI) on the 14-day chart is 68.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.13%. Stochastics %K at 85.22% indicates the stock is a selling.
How much short interest is there in Gatos Silver Inc?
A steep rise in short interest was recorded in Gatos Silver Inc stocks on Mar 15, 2024, dropping by 37570.0 shares to a total of 0.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.74 million shares. There was a decline of -5.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.11.
