Great Panther Silver (GPL) Receives a Buy from H.C. Wainwright


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 $1.75. The company’s shares opened today at $0.46.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.2% and a 47.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

Great Panther Silver has an analyst consensus of Strong Buy, with a price target consensus of $1.18.

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Based on Great Panther Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $48.05 million and GAAP net loss of $40.46 million. In comparison, last year the company earned revenue of $16.69 million and had a GAAP net loss of $48.03 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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