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 $0.88, close to its 52-week low of $0.84.
Ihle noted:
“We reiterate our Buy recommendation and maintain our PT of $1.50 per share. 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 -3.9% and a 39.2% 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 $1.55, which is a 76.7% upside from current levels. In a report released yesterday, Noble Financial also maintained a Buy rating on the stock with a $1.50 price target.
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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 $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.
