Great Panther Silver (GPL) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) from a hold rating to a strong sell rating in a report published on Friday.

According to Zacks, “Great Panther Silver Limited is engaged in the production of silver in Mexico. The Company has operations in Guanajuato Mine Complex and Guanajuato silver-gold mines. Great Panther Silver Limited is headquartered in Vancouver, Canada. “

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Separately, HC Wainwright restated a buy rating and issued a $2.25 price objective on shares of Great Panther Silver in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $2.13.

NYSEAMERICAN GPL opened at $1.20 on Friday. Great Panther Silver has a 52-week low of $1.06 and a 52-week high of $1.50.

Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last posted its quarterly earnings results on Friday, February 23rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $17.38 million during the quarter, compared to analysts’ expectations of $17.49 million. Great Panther Silver had a negative return on equity of 3.23% and a negative net margin of 3.65%.

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in Great Panther Silver by 189.7% in the fourth quarter. Virtu Financial LLC now owns 232,979 shares of the basic materials company’s stock worth $300,000 after buying an additional 152,550 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Great Panther Silver by 22.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,559,095 shares of the basic materials company’s stock worth $2,011,000 after buying an additional 286,400 shares during the last quarter. Global X Management Co. LLC increased its holdings in Great Panther Silver by 5.1% in the fourth quarter. Global X Management Co. LLC now owns 2,223,635 shares of the basic materials company’s stock worth $2,893,000 after buying an additional 108,617 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. increased its holdings in Great Panther Silver by 387.5% in the fourth quarter. Financial & Investment Management Group Ltd. now owns 4,275,365 shares of the basic materials company’s stock worth $5,515,000 after buying an additional 3,398,394 shares during the last quarter.

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Great Panther Silver Company Profile

Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.

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