Great Panther Silver (GPL) Stock Price Down 8.2%

Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR)’s share price fell 8.2% on Thursday . The stock traded as low as $0.55 and last traded at $0.56. 782,915 shares changed hands during trading, an increase of 73% from the average session volume of 451,392 shares. The stock had previously closed at $0.61.

Several brokerages have commented on GPL. HC Wainwright set a $2.00 price target on Great Panther Silver and gave the company a “buy” rating in a report on Thursday, November 8th. TheStreet downgraded Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th. Zacks Investment Research upgraded Great Panther Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Noble Financial reiterated a “buy” rating on shares of Great Panther Silver in a report on Friday, November 2nd.

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 consensus estimate of ($0.04) by $0.02. The company had revenue of $11.69 million for the quarter, compared to analyst estimates of $14.74 million.

Several institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of 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 acquiring an additional 396,014 shares during the last quarter. Global X Management Co LLC grew its stake in shares of 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 acquiring an additional 142,840 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Great Panther Silver by 29.5% in the third quarter. Renaissance Technologies LLC now owns 2,436,895 shares of the basic materials company’s stock worth $2,072,000 after acquiring an additional 555,400 shares during the last quarter.

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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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