HC Wainwright set a $2.00 price objective on Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) in a report published on Monday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
“We maintain our Buy rating and our $2.25 per share PT. We note that our PT remains unchanged despite the slight reduction to our 2018 production estimate mentioned above. Our valuation remains based on a NAV methodology, using an 8.0% discount rate, in-line with the firm’s peers in similar geopolitical jurisdictions.”,” the firm’s analyst commented.
GPL has been the subject of several other research reports. Zacks Investment Research raised Great Panther Silver from a hold rating to a buy rating and set a $1.25 price target for the company in a report on Wednesday, July 11th. Noble Financial reaffirmed a buy rating on shares of Great Panther Silver in a report on Friday, September 7th. Finally, TheStreet downgraded Great Panther Silver from a c rating to a d+ rating in a report on Monday, August 27th.
Shares of NYSEAMERICAN GPL opened at $0.82 on Monday. Great Panther Silver has a fifty-two week low of $0.78 and a fifty-two week high of $1.45.
Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $17.08 million during the quarter, compared to analyst estimates of $16.01 million. Great Panther Silver had a negative return on equity of 3.23% and a negative net margin of 3.65%.
Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Great Panther Silver by 3.0% during the second quarter. Van ECK Associates Corp now owns 13,759,937 shares of the basic materials company’s stock worth $16,099,000 after purchasing an additional 396,014 shares during the period. Global X Management Co LLC lifted its holdings in shares of Great Panther Silver by 6.0% during the second quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock worth $2,919,000 after purchasing an additional 142,840 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Great Panther Silver by 14.1% during the second quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock worth $2,201,000 after purchasing an additional 232,000 shares during the period.
About Great Panther Silver
Great Panther Silver Limited operates as a silver mining, and precious metals producer and exploration company. The company also explores for gold, copper, lead, and zinc ores. Its exploration properties include the El Horcón, Santa Rosa, and Plomo projects in Mexico; and the Argosy project in Canada.
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