HC Wainwright Reiterates $2.00 Price Target for Great Panther Mining (GPL)

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

A number of other brokerages also recently issued reports on GPL. Zacks Investment Research upgraded Great Panther Mining from a sell rating to a hold rating in a research report on Friday, April 19th. Noble Financial reiterated a buy rating and set a $1.50 price target on shares of Great Panther Mining in a research report on Monday, March 4th.

Great Panther Mining stock traded down $0.03 during midday trading on Friday, hitting $0.75. 414,528 shares of the company were exchanged, compared to its average volume of 856,107. 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 issued its quarterly earnings results on Wednesday, May 15th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $16.69 million during the quarter, compared to the consensus estimate of $23.78 million.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC purchased a new position in shares of Great Panther Mining in the first quarter valued at approximately $94,000. King Luther Capital Management Corp purchased a new position in shares of Great Panther Mining in the first quarter valued at approximately $94,000. Virtu Financial LLC purchased a new position in shares of Great Panther Mining in the fourth quarter valued at approximately $101,000. Millennium Management LLC purchased a new position in shares of Great Panther Mining in the fourth quarter valued at approximately $159,000. Finally, Deutsche Bank AG lifted its position in shares of Great Panther Mining by 484.5% in the fourth quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 198,798 shares in the last quarter.

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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