Great Panther Silver (GPL) Shares Down 8.2%

Great Panther Silver Ltd (NYSEAMERICAN:GPL) (TSE:GPR) shares traded down 8.2% during mid-day trading on Thursday . The company traded as low as $0.55 and last traded at $0.56. 782,915 shares traded hands during trading, an increase of 73% from the average session volume of 451,392 shares. The stock had previously closed at $0.61.

A number of research analysts have issued reports on the company. HC Wainwright set a $2.00 price objective on Great Panther Silver and gave the company a “buy” rating in a report on Thursday, November 8th. Noble Financial reissued a “buy” rating on shares of Great Panther Silver in a report on Friday, November 2nd. Zacks Investment Research raised Great Panther Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, TheStreet cut Great Panther Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th.

Great Panther Silver (NYSEAMERICAN:GPL) (TSE:GPR) last released its quarterly earnings results on Wednesday, October 31st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $11.69 million during the quarter, compared to the consensus estimate of $14.74 million.



Several institutional investors have recently added to or reduced their stakes in GPL. Renaissance Technologies LLC raised its holdings in shares of Great Panther Silver by 14.1% in the second quarter. Renaissance Technologies LLC now owns 1,881,495 shares of the basic materials company’s stock valued at $2,201,000 after buying an additional 232,000 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Great Panther Silver by 3.0% in the second quarter. Van ECK Associates Corp now owns 13,759,937 shares of the basic materials company’s stock valued at $16,099,000 after buying an additional 396,014 shares during the last quarter. Finally, Global X Management Co LLC raised its holdings in shares of Great Panther Silver by 6.0% in the second quarter. Global X Management Co LLC now owns 2,509,867 shares of the basic materials company’s stock valued at $2,919,000 after buying an additional 142,840 shares during the last quarter.

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About Great Panther Silver (NYSEAMERICAN:GPL)

Great Panther Silver Limited operates as a silver mining, and precious metals producer and exploration company. The company also explores for gold, copper, lead, and zinc ores. Its exploration properties include the El Horcón, Santa Rosa, and Plomo projects in Mexico; and the Argosy project in Canada.

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