Great Panther Silver Ltd (NYSE:GPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $1.50 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 18.11% from the stock’s current price.

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. “

Great Panther Silver (NYSE:GPL) traded up 3.25% on Monday, reaching $1.27. The company had a trading volume of 861,203 shares. Great Panther Silver has a 12-month low of $0.41 and a 12-month high of $2.25. The stock’s market capitalization is $211.23 million. The stock’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.44.

About Great Panther Silver

Great Panther Silver Limited (Great Panther) is a silver mining, and precious metals producer and exploration company. The Company holds interests in the Topia Mine and the Guanajuato Mine Complex (GMC). The Company’s segments include GMC, Topia, Exploration and Corporate. The Topia operations produce silver, gold, lead and zinc.

5 Day Chart for NYSE:GPL

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