Great Panther Silver (GPL) Stock Price Down 8.5%

Shares of Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) dropped 8.5% on Thursday . The stock traded as low as $0.62 and last traded at $0.65. Approximately 838,829 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 443,195 shares. The stock had previously closed at $0.71.

A number of analysts have recently commented on the company. Noble Financial reissued a “buy” rating on shares of Great Panther Silver in a research note on Friday, September 7th. HC Wainwright set a $2.00 price target on Great Panther Silver and gave the company a “buy” rating in a research note on Tuesday, September 25th. Zacks Investment Research lowered Great Panther Silver from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 1st. Finally, TheStreet lowered Great Panther Silver from a “c” rating to a “d+” rating in a research note on Monday, August 27th.

Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last issued its quarterly earnings data on Wednesday, October 31st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $11.69 million for the quarter, compared to the consensus estimate of $14.74 million.

Several institutional investors and hedge funds have recently modified their holdings of GPL. Global X Management Co LLC increased its holdings in Great Panther Silver by 6.0% in 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 in the last quarter. Van ECK Associates Corp increased its holdings in Great Panther Silver by 3.0% in 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 in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Great Panther Silver by 14.1% in 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 in the last quarter.

Great Panther Silver Company Profile (NYSEAMERICAN:GPL)

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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