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 $1.24.
Ihle commented:
“We continue to view Coricancha as a low-risk, high-upside opportunity. This is due to the structure of the acquisition agreement (i.e. only $0.1M in up-front capital), low initial CapEx requirements, and opportunities to extend the project’s mine life and expand resources with internally generated cash flow once operations commence.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 6.7% and a 44.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Great Panther Silver has an analyst consensus of Moderate Buy, with a price target consensus of $2.25.
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The company has a one-year high of $1.46 and a one-year low of $1.06. Currently, Great Panther Silver has an average volume of 390.9K.
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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.
