Sprott Inc. increased its holdings in shares of Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) by 177.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,348,115 shares of the basic materials company’s stock after buying an additional 861,915 shares during the period. Sprott Inc. owned about 0.45% of Great Panther Mining worth $1,343,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in GPL. Deutsche Bank AG increased its stake in Great Panther Mining by 484.5% during the 4th quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock worth $170,000 after buying an additional 198,798 shares during the period. King Luther Capital Management Corp purchased a new stake in shares of Great Panther Mining in the 1st quarter valued at approximately $94,000. U S Global Investors Inc. increased its position in shares of Great Panther Mining by 33.0% in the 1st quarter. U S Global Investors Inc. now owns 997,600 shares of the basic materials company’s stock valued at $939,000 after purchasing an additional 247,600 shares during the last quarter. Ruffer LLP purchased a new stake in shares of Great Panther Mining in the 2nd quarter valued at approximately $3,858,000. Finally, Van ECK Associates Corp increased its position in shares of Great Panther Mining by 0.5% in the 2nd quarter. Van ECK Associates Corp now owns 18,083,485 shares of the basic materials company’s stock valued at $15,458,000 after purchasing an additional 84,576 shares during the last quarter.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Great Panther Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 10th. Noble Financial restated a “buy” rating and issued a $1.25 target price on shares of Great Panther Mining in a report on Sunday, May 19th. Finally, HC Wainwright restated a “buy” rating on shares of Great Panther Mining in a report on Monday, August 19th.
Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported ($0.02) earnings per share for the quarter. The company had revenue of $45.28 million for the quarter, compared to analysts’ expectations of $50.92 million.
About Great Panther Mining
Great Panther Mining Limited operates as a precious metals mining and exploration company. It explores for silver, gold, lead, and zinc ores. The company operates three mines, including the Tucano gold mine in Amapá State, Brazil; and two silver mines in Mexico, as well as the Guanajuato mine complex and the Topia mine in Mexico.
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