In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Great Panther Silver (GPL), with a price target of $1.50. The company’s shares closed on Friday at $0.89.
According to TipRanks.com, Reichman has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 32.9% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Avino Silver & Gold, and Pershing Gold Corp.
Currently, the analyst consensus on Great Panther Silver is a Strong Buy with an average price target of $1.49.
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Based on Great Panther Silver’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.64 million. In comparison, last year the company had a GAAP net loss of $1.92 million.
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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.
