Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) was downgraded by stock analysts at Noble Financial to a “hold” rating in a research note issued on Monday, TipRanks reports.
GPL has been the topic of a number of other reports. Roth Capital set a $1.50 target price on Great Panther Mining and gave the stock a “buy” rating in a research report on Tuesday, October 8th. HC Wainwright reaffirmed a “buy” rating and set a $2.25 target price on shares of Great Panther Mining in a research report on Tuesday, October 8th. Finally, Zacks Investment Research lowered Great Panther Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 22nd.
Shares of NYSEAMERICAN:GPL traded down $0.01 during trading on Monday, reaching $0.43. 1,152,756 shares of the stock were exchanged, compared to its average volume of 994,435. Great Panther Mining has a 1-year low of $0.42 and a 1-year high of $1.19.
Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC grew its holdings in Great Panther Mining by 157.7% during the third quarter. Virtu Financial LLC now owns 108,141 shares of the basic materials company’s stock worth $76,000 after buying an additional 66,181 shares in the last quarter. Millennium Management LLC grew its holdings in Great Panther Mining by 82.0% during the third quarter. Millennium Management LLC now owns 186,573 shares of the basic materials company’s stock worth $131,000 after buying an additional 84,051 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Great Panther Mining by 100.0% during the second quarter. King Luther Capital Management Corp now owns 200,000 shares of the basic materials company’s stock worth $171,000 after buying an additional 100,000 shares in the last quarter. River & Mercantile Asset Management LLP bought a new position in Great Panther Mining in the 2nd quarter valued at $427,000. Finally, Essex Investment Management Co. LLC grew its stake in Great Panther Mining by 55.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 778,500 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 278,500 shares during the period.
About Great Panther Mining
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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