H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Great Panther Silver (GPL) today and set a price target of $2.50. The company’s shares closed last Thursday at $0.82.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 54.1% and a 72.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.
Currently, the analyst consensus on Great Panther Silver is a Moderate Buy with an average price target of $2.50.
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Based on Great Panther Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $68.71 million and net profit of $13.61 million. In comparison, last year the company earned revenue of $65.68 million and had a GAAP net loss of $28.07 million.
Based on the recent corporate insider activity of 33 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.
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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.
