Great Panther Mining (NYSEAMERICAN:GPL) Downgraded by Zacks Investment Research

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

Several other equities research analysts also recently issued reports on GPL. HC Wainwright set a $2.00 target price on Great Panther Mining and gave the stock a “buy” rating in a research report on Friday, May 17th. Noble Financial restated a “buy” rating and set a $1.25 target price on shares of Great Panther Mining in a research report on Sunday, May 19th.

NYSEAMERICAN GPL traded down $0.03 on Wednesday, hitting $0.82. 1,512,000 shares of the stock traded hands, compared to its average volume of 885,074. 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 announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported ($0.02) earnings per share for the quarter. The business had revenue of $45.28 million during the quarter, compared to analyst estimates of $50.92 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPL. King Luther Capital Management Corp bought a new position in shares of Great Panther Mining during the first quarter valued at about $94,000. U S Global Investors Inc. grew its stake in shares of Great Panther Mining by 33.0% during the first quarter. U S Global Investors Inc. now owns 997,600 shares of the basic materials company’s stock valued at $939,000 after buying an additional 247,600 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Great Panther Mining by 484.5% during the fourth quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock valued at $170,000 after buying an additional 198,798 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Great Panther Mining during the fourth quarter valued at about $159,000.

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.

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