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 $2.50. The company’s shares closed last Wednesday at $0.77.
According to TipRanks.com, Ihle is a top 100 analyst with an average return of 45.2% and a 63.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Currently, the analyst consensus on Great Panther Silver is a Moderate Buy with an average price target of $2.50.
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Great Panther Silver’s market cap is currently $274.5M and has a P/E ratio of -89.50. The company has a Price to Book ratio of 2.83.
Based on the recent corporate insider activity of 40 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.
