King Luther Capital Management Corp Acquires 100,000 Shares of Great Panther Mining Ltd (NYSEAMERICAN:GPL)
King Luther Capital Management Corp increased its holdings in shares of Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) by 100.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 200,000 shares of the basic materials company’s stock after acquiring an additional 100,000 shares during the period. King Luther Capital Management Corp’s holdings in Great Panther Mining were worth $171,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GPL. Millennium Management LLC bought a new stake in Great Panther Mining in the fourth quarter valued at $159,000. Deutsche Bank AG boosted its position in shares of Great Panther Mining by 484.5% during the 4th quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 198,798 shares in the last quarter. U S Global Investors Inc. boosted its position in shares of Great Panther Mining by 33.0% during the 1st quarter. U S Global Investors Inc. now owns 997,600 shares of the basic materials company’s stock worth $939,000 after purchasing an additional 247,600 shares in the last quarter. Ruffer LLP bought a new position in shares of Great Panther Mining during the 2nd quarter worth about $3,858,000. Finally, Van ECK Associates Corp grew its stake in shares of Great Panther Mining by 0.5% in the 2nd quarter. Van ECK Associates Corp now owns 18,083,485 shares of the basic materials company’s stock valued at $15,458,000 after buying an additional 84,576 shares during the period.
Shares of NYSEAMERICAN:GPL traded up $0.01 during trading on Wednesday, reaching $0.78. 44,390 shares of the stock were exchanged, compared to its average volume of 982,344. Great Panther Mining Ltd has a 1-year low of $0.54 and a 1-year high of $1.19.
A number of analysts recently commented on GPL shares. Zacks Investment Research lowered Great Panther Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday. HC Wainwright reiterated a “buy” rating on shares of Great Panther Mining in a report on Monday, August 19th. Finally, Noble Financial reiterated a “buy” rating and issued a $1.25 price target on shares of Great Panther Mining in a report on Sunday, May 19th.
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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