Gatos Silver: Why I'm Taking Profits Again [Seeking Alpha]
Gatos Silver, Inc. (GATO)
Company Research
Source: Seeking Alpha
The company has surpassed its mine life target, extending the Cerro Los Gatos mine's life by 2.75 years and increasing silver production by 46%. Recent drill results and production numbers continue to exceed expectations, making Gatos a top acquisition candidate for silver producers. GATO deserves a premium valuation, but I question how much upside there is over the short term. Other gold and silver mining stocks offer better risk/reward. In June 2023, Gatos Silver ( NYSE: GATO ) had plunged from ~$7 to ~$4.50 in a little over a month. Shares quickly went from overbought to oversold, making a round trip in the process. In an article at the time, I discussed how after the 35% plunge, I was buying back some shares I had sold at the prior top, as the valuation was cheap again. Since then, GATO has increased by almost 40%. A strong move in its own right, but it also occurred while the HUI (an index of mining stocks) and the Global X Silver Miners ETF ( SIL ) lost 11% and 15%, r
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GATO
News
- Levi & Korsinsky, LLP Notifies Shareholders of Gatos Silver, Inc. (GATO) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Gatos Silver Reports South-East Deeps Drilling Results at Cerro Los Gatos and Announces Executive Appointment [Yahoo! Finance]Yahoo! Finance
- Gatos Silver Reports South-East Deeps Drilling Results at Cerro Los Gatos and Announces Executive Appointment [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Gatos Silver Reports South-East Deeps Drilling Results at Cerro Los Gatos and Announces Executive AppointmentGlobeNewswire
- Levi & Korsinsky, LLP Notifies Shareholders of Gatos Silver, Inc. (GATO) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
GATO
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- GATO's page on the SEC website