Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) has been given a $2.00 price target by investment analysts at HC Wainwright in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would suggest a potential upside of 257.14% from the company’s previous close.
The analysts wrote, “We maintain our Buy rating and our $2.25 per share price target. 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. We still do not include Coricancha in our DCF analysis but plan to revisit this once additional progress is made at the asset.””
A number of other analysts have also weighed in on the stock. Noble Financial reaffirmed a “buy” rating on shares of Great Panther Silver in a report on Friday, November 2nd. Zacks Investment Research raised shares of Great Panther Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, TheStreet lowered shares of Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th.
Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last announced its quarterly earnings results on Wednesday, October 31st. The basic materials company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $14.74 million.
A number of institutional investors have recently bought and sold shares of GPL. Renaissance Technologies LLC increased its holdings in shares of Great Panther Silver by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock worth $2,201,000 after buying an additional 232,000 shares during the last quarter. Global X Management Co LLC increased its holdings in shares of Great Panther Silver by 6.0% in the 2nd quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock worth $2,919,000 after buying an additional 142,840 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Great Panther Silver by 3.0% in the 2nd quarter. Van ECK Associates Corp now owns 13,759,937 shares of the basic materials company’s stock worth $16,099,000 after buying an additional 396,014 shares during the last quarter.
Great Panther Silver Company Profile
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.
Further Reading: Earnings Per Share
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