Great Panther Mining (NYSEAMERICAN:GPL) Shares Down 6.3%

Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR)’s share price traded down 6.3% during trading on Thursday . The stock traded as low as $0.73 and last traded at $0.74, 753,172 shares traded hands during mid-day trading. A decline of 9% from the average session volume of 827,871 shares. The stock had previously closed at $0.79.

GPL has been the subject of several recent analyst reports. Noble Financial reaffirmed a “buy” rating and issued a $4.00 target price on shares of One Stop Systems in a report on Sunday, May 19th. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Wednesday, June 12th. Finally, HC Wainwright set a $18.00 target price on Sutro Biopharma and gave the company a “buy” rating in a report on Friday, May 17th.

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

Institutional investors have recently bought and sold shares of the company. U S Global Investors Inc. raised 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 worth $939,000 after buying an additional 247,600 shares in the last quarter. King Luther Capital Management Corp purchased a new stake in shares of Great Panther Mining in the first quarter worth $94,000. Deutsche Bank AG raised its position in shares of Great Panther Mining by 484.5% in the fourth quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock worth $170,000 after buying an additional 198,798 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Great Panther Mining in the fourth quarter worth $159,000.

About Great Panther Mining (NYSEAMERICAN:GPL)

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.

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