HC Wainwright set a $2.00 price target on Great Panther Silver Ltd (NYSEMKT:GPL) (TSE:GPR) in a research note published on Tuesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other equities research analysts also recently weighed in on GPL. Roth Capital initiated coverage on Great Panther Silver in a report on Thursday, August 10th. They set a buy rating and a $2.00 price objective on the stock. Zacks Investment Research raised Great Panther Silver from a strong sell rating to a hold rating in a report on Wednesday, October 18th. Finally, Noble Financial reissued a hold rating on shares of Great Panther Silver in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $2.00.
Great Panther Silver (NYSEMKT GPL) traded up 1.71% during trading on Tuesday, reaching $1.19. The company’s stock had a trading volume of 366,468 shares. The company’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.26. Great Panther Silver has a 1-year low of $1.11 and a 1-year high of $2.28. The stock has a market cap of $199.86 million, a P/E ratio of 66.11 and a beta of 0.97.
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A number of institutional investors and hedge funds have recently made changes to their positions in GPL. OppenheimerFunds Inc. acquired a new position in Great Panther Silver during the 1st quarter worth about $196,000. KCG Holdings Inc. lifted its holdings in Great Panther Silver by 82.5% during the 1st quarter. KCG Holdings Inc. now owns 124,454 shares of the basic materials company’s stock worth $204,000 after buying an additional 56,270 shares during the period. Goldman Sachs Group Inc. acquired a new position in Great Panther Silver during the 1st quarter worth about $218,000. Sprott Inc. lifted its holdings in Great Panther Silver by 141.4% during the 2nd quarter. Sprott Inc. now owns 1,353,442 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 792,776 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in Great Panther Silver by 0.6% during the 2nd quarter. Global X Management Co. LLC now owns 1,955,057 shares of the basic materials company’s stock worth $2,499,000 after buying an additional 12,276 shares during the period.
About Great Panther Silver
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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