Great Panther Mining (NYSEAMERICAN:GPL) Cut to “Hold” at Noble Financial

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) was downgraded by research analysts at Noble Financial to a “hold” rating in a research note issued on Monday, TipRanks reports.

Several other research analysts also recently issued reports on GPL. Roth Capital set a $1.50 price target on shares of Great Panther Mining and gave the stock a “buy” rating in a report on Tuesday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $2.25 price target on shares of Great Panther Mining in a research note on Tuesday, October 8th. Finally, Zacks Investment Research downgraded Great Panther Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 22nd.

Shares of Great Panther Mining stock opened at $0.43 on Monday. Great Panther Mining has a 1 year low of $0.42 and a 1 year high of $1.19.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported ($0.02) EPS for the quarter. The company had revenue of $71.00 million for the quarter, compared to analyst estimates of $67.61 million.

A number of large investors have recently bought and sold shares of GPL. BlackRock Inc. bought a new stake in shares of Great Panther Mining in the 2nd quarter valued at about $4,712,000. Ruffer LLP acquired a new stake in shares of Great Panther Mining in the second quarter valued at about $3,858,000. Morgan Stanley raised its position in shares of Great Panther Mining by 35.1% during the second quarter. Morgan Stanley now owns 4,599,978 shares of the basic materials company’s stock worth $3,933,000 after acquiring an additional 1,194,873 shares during the last quarter. Sprott Inc. raised its position in shares of Great Panther Mining by 177.3% during the second quarter. Sprott Inc. now owns 1,348,115 shares of the basic materials company’s stock worth $1,343,000 after acquiring an additional 861,915 shares during the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Great Panther Mining in the second quarter worth approximately $427,000.

Great Panther Mining Company Profile

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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