Great Panther Mining (GPL) Posts Quarterly Earnings Results

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) issued its earnings results on Wednesday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01), Morningstar.com reports. The business had revenue of $16.69 million during the quarter, compared to analyst estimates of $23.78 million.

GPL traded down $0.03 during trading on Thursday, hitting $0.75. The company’s stock had a trading volume of 13,876 shares, compared to its average volume of 863,316. Great Panther Mining has a twelve month low of $0.54 and a twelve month high of $1.28.

GPL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Great Panther Mining from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research note on Wednesday, May 8th. Noble Financial set a $2.00 price objective on Great Panther Mining and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, HC Wainwright restated a “buy” rating and set a $1.50 price objective on shares of Great Panther Mining in a research note on Thursday, April 11th.

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its position in shares of Great Panther Mining by 300.6% in the first quarter. Morgan Stanley now owns 3,405,105 shares of the basic materials company’s stock valued at $3,204,000 after acquiring an additional 2,555,015 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Great Panther Mining by 29.5% in the third quarter. Renaissance Technologies LLC now owns 2,436,895 shares of the basic materials company’s stock valued at $2,072,000 after acquiring an additional 555,400 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Great Panther Mining in the first quarter valued at approximately $408,000. U S Global Investors Inc. lifted its position in shares of Great Panther Mining by 33.0% in the first quarter. U S Global Investors Inc. now owns 997,600 shares of the basic materials company’s stock valued at $939,000 after acquiring an additional 247,600 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Great Panther Mining in the fourth quarter valued at approximately $159,000.

WARNING: “Great Panther Mining (GPL) Posts Quarterly Earnings Results” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2019/05/16/great-panther-mining-gpl-posts-quarterly-earnings-results.html.

About Great Panther Mining

Great Panther Mining Limited operates as a precious metals mining and exploration company. It explores for silver, gold, lead, and zinc ores. The company operates three mines, including the Tucano gold mine in Amapá State, Brazil; and two silver mines in Mexico, as well as the Guanajuato mine complex and the Topia mine in Mexico.

Featured Story: How Important is Technical Analysis of Stocks

Earnings History for Great Panther Mining (NYSEAMERICAN:GPL)

Receive News & Ratings for Great Panther Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Panther Mining and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply