HC Wainwright set a $2.00 target price on Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) in a research note released on Friday, TipRanks reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently weighed in on GPL. Zacks Investment Research upgraded Great Panther Mining from a hold rating to a buy rating and set a $1.00 price target for the company in a report on Wednesday, May 8th. Noble Financial restated a buy rating and issued a $1.25 price target on shares of Great Panther Mining in a report on Wednesday, January 23rd.

NYSEAMERICAN GPL opened at $0.72 on Friday. Great Panther Mining has a fifty-two week low of $0.54 and a fifty-two week high of $1.28.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last released its quarterly earnings results on Wednesday, May 15th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $23.78 million.

Several institutional investors and hedge funds have recently made changes to their positions in the business. King Luther Capital Management Corp acquired a new position in shares of Great Panther Mining in the 1st quarter valued at approximately $94,000. Essex Investment Management Co. LLC acquired a new position in shares of Great Panther Mining in the 1st quarter valued at approximately $94,000. Virtu Financial LLC acquired a new position in shares of Great Panther Mining in the 4th quarter valued at approximately $101,000. ETF Managers Group LLC raised its position in shares of Great Panther Mining by 42.9% in the 4th quarter. ETF Managers Group LLC now owns 581,082 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 174,534 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Great Panther Mining by 484.5% in the 4th quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 198,798 shares in the last quarter.

Great Panther Mining Company Profile

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 Amap√° State, Brazil; and two silver mines in Mexico, as well as the Guanajuato mine complex and the Topia mine in Mexico.

Further Reading: P/E Growth (PEG)

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