Noble Financial Lowers Great Panther Mining (NYSEAMERICAN:GPL) to Hold

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.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last issued its earnings results on Wednesday, October 30th. The basic materials company reported ($0.02) earnings per share for the quarter. The firm had revenue of $71.00 million during the quarter, compared to the consensus estimate of $67.61 million.

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.

Read More: Do equity income investments outperform growth and income investments?

Receive News & Ratings for Great Panther Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Panther Mining and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit