Noble Financial Reiterates “$2.00” Price Target for Great Panther Silver (GPL)
Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) received a $2.00 price target from Noble Financial in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Noble Financial’s price target indicates a potential upside of 132.56% from the company’s previous close.
A number of other brokerages have also recently issued reports on GPL. Zacks Investment Research cut shares of Great Panther Silver from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. HC Wainwright set a $2.00 target price on shares of Great Panther Silver and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, TheStreet cut shares of Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1.81.
Shares of NYSEAMERICAN:GPL opened at $0.86 on Tuesday. Great Panther Silver has a one year low of $0.78 and a one year high of $1.45.
Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in Great Panther Silver by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock valued at $2,201,000 after acquiring an additional 232,000 shares during the period. Global X Management Co LLC raised its holdings in Great Panther Silver by 6.0% in the 2nd quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock valued at $2,919,000 after acquiring an additional 142,840 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Great Panther Silver by 2.1% in the 1st quarter. Van ECK Associates Corp now owns 13,363,923 shares of the basic materials company’s stock valued at $15,636,000 after acquiring an additional 280,883 shares during the period.
Great Panther Silver Company Profile
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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