Great Panther Mining (GPL) Receives Buy Rating from Noble Financial

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Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR)‘s stock had its “buy” rating restated by research analysts at Noble Financial in a research report issued to clients and investors on Sunday, AnalystRatings.com reports. They presently have a $1.25 price target on the basic materials company’s stock. Noble Financial’s price objective points to a potential upside of 73.61% from the stock’s previous close.

Several other equities research analysts have also issued reports on GPL. Zacks Investment Research lowered Great Panther Mining from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. HC Wainwright set a $2.00 price target on Great Panther Mining and gave the company a “buy” rating in a report on Tuesday, March 5th.

Shares of NYSEAMERICAN GPL opened at $0.72 on Friday. Great Panther Mining has a one year low of $0.54 and a one year high of $1.28.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last announced its quarterly earnings results on Wednesday, May 15th. 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). The firm had revenue of $16.69 million during the quarter, compared to analyst estimates of $23.78 million.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Great Panther Mining in the 4th quarter worth approximately $101,000. ETF Managers Group LLC lifted its holdings in Great Panther Mining by 42.9% in the 4th quarter. ETF Managers Group LLC now owns 581,082 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 174,534 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Great Panther Mining by 29.5% in the 3rd quarter. Renaissance Technologies LLC now owns 2,436,895 shares of the basic materials company’s stock worth $2,072,000 after purchasing an additional 555,400 shares during the last quarter. Millennium Management LLC acquired a new stake in Great Panther Mining in the 4th quarter worth approximately $159,000. Finally, Morgan Stanley lifted its holdings in Great Panther Mining by 300.6% in the 1st quarter. Morgan Stanley now owns 3,405,105 shares of the basic materials company’s stock worth $3,204,000 after purchasing an additional 2,555,015 shares during the last quarter.

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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