In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Great Panther Silver (NYSE MKT: GPL), with a price target of $2.25. The company’s shares closed yesterday at $1.15.
Ihle said:
“We maintain our Buy rating and our $2.25 per share price target. Our valuation remains based on a NAV methodology, using an 8.0% discount rate, in-line with the firm’s peers in similar geopolitical jurisdictions.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 6.4% and a 43.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Great Panther Silver with a $2 average price target.
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Based on Great Panther Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $97K. In comparison, last year the company had a net profit of $833K.
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Great Panther Silver Ltd. engages in the mining and exploration of precious materials. Its project includes El Horcon and Santa Rosa. The company was founded by Robert Alexander Archer on November 30, 1965 and is headquartered in Vancouver, Canada.
