Streetbeat News

GATO

Gatos Silver, Inc.

https://www.gatossilver.com

Industry

Other Precious Metals

Gatos Silver, Inc. engages in the exploration, development, and production of precious metals. It primarily explores for silver ores. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Cerro Los Gatos mine located at the Los Gatos District in Chihuahua state, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed its name to Gatos Silver, Inc. in October 2020. Gatos Silver, Inc. was incorporated in 2009 and is based in Greenwood Village, Colorado.

Open

16.89

Mkt cap

1.2B

Volume

516K

High

17.27

P/E Ratio

43.67

52-wk high

20.31

Low

16.65

Div yield

N/A

52-wk low

4.51

Silver mining stocks and ETFs have experienced their best weekly performance since April 2020, driven by rising gold prices, expectations of a Federal Reserve interest rate cut, and a global silver supply shortage. Notable ETFs like iShares MSCI Global Silver Miners Fund (SLVP) and Global X Silver Miners ETF (SIL) saw significant gains. Top-performing miners include Coeur Mining, Gatos Silver, and Hecla Mining.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 8:02 pm

Precious metals stocks are experiencing a rise as gold and silver prices increase due to a decline in the US dollar, influenced by recent economic data.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:20 pm

Precious metals stocks are experiencing a rise in share prices as gold and silver prices increase due to a decline in the US dollar following recent inflation data.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:40 pm

CIBC analyst Cosmos Chiu maintains an Outperformer rating on Gatos Silver (NYSE:GATO) but lowers the price target from $18 to $15.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:25 pm

First Majestic Silver Corp. (NYSE:AG) is acquiring Gatos Silver (NYSE:GATO) in an all-stock deal valued at $970 million. This acquisition will consolidate major silver assets in Mexico, enhancing First Majestic's production and operational efficiencies. Gatos shareholders will receive a 16% premium, and the deal is expected to close in early 2025.

Portfolio Pulse from Stjepan Kalinic

September 05, 2024 | 3:47 pm

Gatos Silver shares have resumed trading after a halt. This development is significant for investors monitoring the company's stock movements.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:41 pm

Gatos Silver shares surged following the announcement of a definitive merger agreement to be acquired by First Majestic.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm

First Majestic Silver Corp. is set to acquire Gatos Silver, Inc. in a stock transaction valued at $13.49 per share, representing a 16% premium. The deal values Gatos at approximately $970 million, with Gatos shareholders owning 38% of First Majestic post-transaction.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:06 am

Shares of precious metal companies are declining as gold prices drop. This is influenced by August's ISM Manufacturing PMI data showing economic contraction and upcoming non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:56 pm

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 150 points. However, several stocks saw significant gains. KE Holdings (NYSE:BEKE) rose 6.9% after reporting better-than-expected Q2 results and increasing its repurchase authorization. Revance Therapeutics (NASDAQ:RVNC) surged 85.4% following a merger agreement with Crown Laboratories. KeyCorp (NYSE:KEY) shares jumped 13% after Scotiabank acquired a 14.9% stake. Other notable gainers included Montauk Renewables (NASDAQ:MNTK), New Fortress Energy (NASDAQ:NFE), and Starbucks (NASDAQ:SBUX).

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 2:09 pm

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