In a report released yesterday, Mark Reichman from Noble Financial maintained a Buy rating on Great Panther Silver (NYSE: GPL), with a price target of $1.75. The company’s shares closed yesterday at $1.11, close to its 52-week low of $1.06.
According to TipRanks.com, Reichman is a 1-star analyst with an average return of -8.0% and a 10.0% 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 Moderate Buy with an average price target of $2, which is an 80.2% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.25 price target.
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Based on Great Panther Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $97K. In comparison, last year the company had a net profit of $833K.
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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.
