In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Great Panther Silver (GPL), with a price target of $1.50. The company’s shares closed yesterday at $0.78.
Ihle commented:
“We reiterate our Buy recommendation and our PT of $1.50 per share. While we have slightly lowered our long-term lead price to $0.85 per pound (prior: $1.00 per pound), in-line with market prices, our price target remained unchanged. Our valuation remains based on a NAV methodology for the various assets. We utilize an 8.0% discount rate for the Mexican assets, which is in-line with similar peers in equal geopolitical jurisdictions.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -8.0% and a 32.2% 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 $1.50.
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Based on Great Panther Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.56 million. In comparison, last year the company had a GAAP net loss of $97K.
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Great Panther Mining 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.
