Great Panther Mining (NYSEAMERICAN:GPL) Shares Up 5.2%

Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) shares shot up 5.2% during trading on Thursday . The stock traded as high as $0.61 and last traded at $0.61, 1,006,565 shares changed hands during trading. An increase of 1% from the average session volume of 993,174 shares. The stock had previously closed at $0.58.

Several research firms have recently commented on GPL. Roth Capital set a $1.50 price target on Great Panther Mining and gave the stock a “buy” rating in a research report on Tuesday, October 8th. HC Wainwright restated a “buy” rating and set a $2.25 price target on shares of Great Panther Mining in a research report on Tuesday, October 8th. Finally, Zacks Investment Research upgraded Great Panther Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, September 16th.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last released its earnings results on Thursday, July 25th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $45.28 million during the quarter, compared to analysts’ expectations of $50.92 million.

A number of large investors have recently added to or reduced their stakes in GPL. King Luther Capital Management Corp boosted its holdings in Great Panther Mining by 100.0% in the second quarter. King Luther Capital Management Corp now owns 200,000 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 100,000 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in Great Panther Mining in the second quarter valued at $427,000. ETF Managers Group LLC raised its stake in Great Panther Mining by 94.0% in the second quarter. ETF Managers Group LLC now owns 844,911 shares of the basic materials company’s stock valued at $727,000 after buying an additional 409,304 shares in the last quarter. Sprott Inc. raised its stake in Great Panther Mining by 177.3% in the second quarter. Sprott Inc. now owns 1,348,115 shares of the basic materials company’s stock valued at $1,343,000 after buying an additional 861,915 shares in the last quarter. Finally, Ruffer LLP acquired a new stake in Great Panther Mining in the second quarter valued at $3,858,000.

Great Panther Mining Company Profile (NYSEAMERICAN:GPL)

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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