Great Panther Mining (NYSEAMERICAN:GPL) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports. They currently have $0.75 price objective on the basic materials company’s stock.

According to Zacks, “Great Panther Silver Limited is engaged in the production of silver in Mexico. The Company has operations in Guanajuato Mine Complex and Guanajuato silver-gold mines. Great Panther Silver Limited is headquartered in Vancouver, Canada. “

Other research analysts have also issued research reports about the company. HC Wainwright set a $18.00 price objective on Sutro Biopharma and gave the company a buy rating in a research report on Friday, May 17th. Noble Financial restated a buy rating and set a $4.00 price objective on shares of One Stop Systems in a research report on Sunday, May 19th.

NYSEAMERICAN:GPL opened at $0.95 on Tuesday. Great Panther Mining has a 12-month low of $0.54 and a 12-month high of $1.19.

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

A number of large investors have recently added to or reduced their stakes in GPL. U S Global Investors Inc. boosted its position in Great Panther Mining by 33.0% during the 1st quarter. U S Global Investors Inc. now owns 997,600 shares of the basic materials company’s stock valued at $939,000 after purchasing an additional 247,600 shares during the period. Millennium Management LLC bought a new stake in Great Panther Mining during the 4th quarter valued at $159,000. Deutsche Bank AG raised its stake in Great Panther Mining by 484.5% during the 4th quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 198,798 shares in the last quarter. Finally, King Luther Capital Management Corp bought a new stake in Great Panther Mining during the 1st quarter valued at $94,000.

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.

Recommended Story: What is the return on assets (ROA) ratio?

Get a free copy of the Zacks research report on Great Panther Mining (GPL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.