Great Panther Mining (GPL) Given a $2.00 Price Target at HC Wainwright

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) received a $2.00 target price from stock analysts at HC Wainwright in a report released on Friday, TipRanks reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 170.27% from the stock’s previous close.

GPL has been the subject of several other reports. Zacks Investment Research raised Great Panther Mining from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research note on Wednesday, May 8th. Noble Financial reissued a “buy” rating and set a $1.25 target price on shares of Great Panther Mining in a research note on Wednesday, January 23rd.

GPL traded down $0.04 on Friday, hitting $0.74. 414,500 shares of the company were exchanged, compared to its average volume of 856,107. Great Panther Mining has a twelve month low of $0.54 and a twelve month high of $1.28.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last released its earnings results on Wednesday, May 15th. The basic materials company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $23.78 million.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Great Panther Mining during the 4th quarter worth about $101,000. ETF Managers Group LLC lifted its holdings in Great Panther Mining by 42.9% during the 4th quarter. ETF Managers Group LLC now owns 581,082 shares of the basic materials company’s stock worth $413,000 after buying an additional 174,534 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Great Panther Mining by 29.5% during the 3rd quarter. Renaissance Technologies LLC now owns 2,436,895 shares of the basic materials company’s stock worth $2,072,000 after buying an additional 555,400 shares during the last quarter. Millennium Management LLC purchased a new stake in Great Panther Mining during the 4th quarter worth about $159,000. Finally, Morgan Stanley lifted its holdings in Great Panther Mining by 300.6% during the 1st quarter. Morgan Stanley now owns 3,405,105 shares of the basic materials company’s stock worth $3,204,000 after buying an additional 2,555,015 shares during the last quarter.

Great Panther Mining Company Profile

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.

Read More: What is the Stochastic Momentum Index (SMI)?

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