Great Panther Silver (GPL) Trading Down 10.9%
Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) was down 10.9% during trading on Monday . The company traded as low as $0.88 and last traded at $0.90. Approximately 700,300 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 439,003 shares. The stock had previously closed at $1.01.
A number of equities research analysts have commented on GPL shares. Noble Financial raised Great Panther Silver from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Friday, June 1st. HC Wainwright set a $2.00 target price on Great Panther Silver and gave the company a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research raised Great Panther Silver from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Wednesday, July 11th. Finally, TheStreet downgraded Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1.81.
Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last released its earnings results on Wednesday, August 1st. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Great Panther Silver had a negative net margin of 3.65% and a negative return on equity of 3.23%. The business had revenue of $17.08 million during the quarter, compared to analyst estimates of $16.01 million.
About Great Panther Silver (NYSEAMERICAN:GPL)
Great Panther Silver Limited operates as a silver mining, and precious metals producer and exploration company. The company also explores for gold, copper, lead, and zinc ores. Its exploration properties include the El Horcón, Santa Rosa, and Plomo projects in Mexico; and the Argosy project in Canada.
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