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

Zacks Investment Research upgraded shares of Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) from a strong sell rating to a hold rating in a report released on Tuesday morning, 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 research firms also recently weighed in on GPL. Alliance Global Partners reiterated a buy rating and issued a $1.20 target price on shares of Great Panther Mining in a research note on Friday, October 8th. HC Wainwright reiterated a buy rating and issued a $2.25 target price on shares of Great Panther Mining in a research note on Wednesday, September 22nd. TheStreet downgraded shares of Great Panther Mining from a c- rating to a d rating in a research note on Thursday, November 4th. Finally, Cantor Fitzgerald upgraded shares of Great Panther Mining to a buy rating in a research note on Friday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $1.44.

Shares of GPL stock opened at $0.23 on Tuesday. The stock has a market capitalization of $83.17 million, a price-to-earnings ratio of -5.83 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 1.04. Great Panther Mining has a 52 week low of $0.21 and a 52 week high of $1.16.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last announced its quarterly earnings data on Wednesday, November 3rd. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $38.35 million during the quarter, compared to the consensus estimate of $41.20 million. Great Panther Mining had a negative return on equity of 18.44% and a negative net margin of 7.00%. Research analysts predict that Great Panther Mining will post -0.1 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC grew its stake in Great Panther Mining by 88.6% in the 2nd quarter. HighTower Advisors LLC now owns 71,300 shares of the basic materials company’s stock worth $43,000 after buying an additional 33,500 shares in the last quarter. Van ECK Associates Corp grew its stake in Great Panther Mining by 4.7% in the 2nd quarter. Van ECK Associates Corp now owns 21,479,889 shares of the basic materials company’s stock worth $13,423,000 after buying an additional 960,480 shares in the last quarter. Morgan Stanley grew its stake in Great Panther Mining by 28.6% in the 2nd quarter. Morgan Stanley now owns 489,921 shares of the basic materials company’s stock worth $307,000 after buying an additional 108,859 shares in the last quarter. Royal Bank of Canada grew its stake in Great Panther Mining by 393.5% in the 2nd quarter. Royal Bank of Canada now owns 126,981 shares of the basic materials company’s stock worth $79,000 after buying an additional 101,251 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Great Panther Mining in the 2nd quarter worth approximately $41,000. 14.85% of the stock is owned by institutional investors.

Great Panther Mining Company Profile

Great Panther Mining Ltd. engages in the mining and exploration of precious materials. It operates through the following segments: Operations; Coricancha, Exploration, and Corporate. The Operations segment involves in the Tucano, the GMC, and Topia mining operations. The Coricancha segment focuses in the gold-silver-copper-lead-zinc mining in central Andes of Peru.

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