Noble Financial Analysts Give Great Panther Silver (GPL) a $2.00 Price Target

Noble Financial set a $2.00 price objective on Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other equities analysts have also issued reports on GPL. Zacks Investment Research raised Great Panther Silver from a strong sell rating to a hold rating in a research note on Tuesday, June 5th. HC Wainwright set a $2.00 target price on Great Panther Silver and gave the stock a buy rating in a research note on Thursday, August 2nd. Finally, TheStreet lowered Great Panther Silver from a c rating to a d+ rating in a research note on Monday, August 27th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $1.81.

Shares of Great Panther Silver stock opened at $0.85 on Tuesday. Great Panther Silver has a 52 week low of $0.78 and a 52 week high of $1.45.

Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last posted its earnings results on Wednesday, August 1st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Great Panther Silver had a negative return on equity of 3.23% and a negative net margin of 3.65%. The firm had revenue of $17.08 million for the quarter, compared to analyst estimates of $16.01 million.

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in Great Panther Silver by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock valued at $2,201,000 after purchasing an additional 232,000 shares in the last quarter. Global X Management Co LLC raised its position in Great Panther Silver by 6.0% in the 2nd quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock valued at $2,919,000 after purchasing an additional 142,840 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Great Panther Silver by 2.1% in the 1st quarter. Van ECK Associates Corp now owns 13,363,923 shares of the basic materials company’s stock valued at $15,636,000 after purchasing an additional 280,883 shares in the last quarter.

Great Panther Silver Company Profile

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.

Read More: Fiduciary

Receive News & Ratings for Great Panther Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Panther Silver and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply