Roth Capital initiated coverage on shares of Great Panther Silver Ltd (NYSEMKT:GPL) in a research note published on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $2.00 price objective on the basic materials company’s stock.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Great Panther Silver from a sell rating to a hold rating in a research report on Wednesday, May 3rd. TheStreet downgraded Great Panther Silver from a c- rating to a d+ rating in a research report on Thursday, May 11th. Finally, Noble Financial reiterated a hold rating on shares of Great Panther Silver in a research report on Friday, August 4th.
Great Panther Silver (GPL) opened at 1.28 on Thursday. The firm has a 50-day moving average of $1.25 and a 200 day moving average of $1.48. Great Panther Silver has a one year low of $1.11 and a one year high of $2.28. The company has a market capitalization of $214.97 million, a price-to-earnings ratio of 71.11 and a beta of 0.97.
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Several hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC increased its stake in Great Panther Silver by 205.2% in the first quarter. Two Sigma Securities LLC now owns 69,002 shares of the basic materials company’s stock valued at $113,000 after buying an additional 46,391 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in Great Panther Silver during the first quarter valued at $196,000. KCG Holdings Inc. increased its stake in Great Panther Silver by 82.5% in the first quarter. KCG Holdings Inc. now owns 124,454 shares of the basic materials company’s stock valued at $204,000 after buying an additional 56,270 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Great Panther Silver during the first quarter valued at $218,000. Finally, Virtu KCG Holdings LLC increased its stake in Great Panther Silver by 60.9% in the second quarter. Virtu KCG Holdings LLC now owns 200,261 shares of the basic materials company’s stock valued at $256,000 after buying an additional 75,807 shares during the last quarter.
Great Panther Silver Company Profile
Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.
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