H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Great Panther Silver (GPL) today and set a price target of $1.50. The company’s shares closed yesterday at $0.74.
Ihle observed:
“We reiterate our Buy recommendation while reducing our per share PT from $1.75 to $1.50. Our valuation remains based on a NAV methodology, utilizing an 8.0% discount rate for the Mexico assets. This figure is in-line with similar peers in equal jurisdictions.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -7.3% and a 34.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Great Panther Silver is a Strong Buy with an average price target of $1.49.
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The company has a one-year high of $1.32 and a one-year low of $0.54. Currently, Great Panther Silver has an average volume of 625.8K.
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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.
