Great Panther Mining (NYSEAMERICAN:GPL) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Great Panther Mining (NYSEAMERICAN:GPLGet Rating) (TSE:GPR) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Great Panther Silver Limited is engaged in the production of silver in Mexico. The Company has operations in Guanajuato Mine Complex and Guanajuato silver-gold mines. Great Panther Silver Limited is headquartered in Vancouver, Canada. “

Separately, HC Wainwright reaffirmed a buy rating and issued a $0.50 price objective (down from $2.25) on shares of Great Panther Mining in a report on Tuesday, February 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Great Panther Mining has a consensus rating of Buy and a consensus target price of $1.00.

GPL stock opened at $0.18 on Wednesday. The firm has a market capitalization of $78.56 million, a PE ratio of -4.38 and a beta of 1.73. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. Great Panther Mining has a 12 month low of $0.16 and a 12 month high of $0.90.

Great Panther Mining (NYSEAMERICAN:GPLGet Rating) (TSE:GPR) last released its quarterly earnings data on Wednesday, March 2nd. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $42.66 million during the quarter, compared to analysts’ expectations of $40.40 million. Great Panther Mining had a negative net margin of 7.00% and a negative return on equity of 18.44%. On average, research analysts expect that Great Panther Mining will post -0.1 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management lifted its stake in shares of Great Panther Mining by 290.6% in the 4th quarter. Hollencrest Capital Management now owns 810,518 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 603,000 shares during the period. Van ECK Associates Corp raised its position in Great Panther Mining by 21.1% during the fourth quarter. Van ECK Associates Corp now owns 24,531,086 shares of the basic materials company’s stock worth $5,377,000 after acquiring an additional 4,269,354 shares during the period. Private Advisor Group LLC acquired a new position in Great Panther Mining during the first quarter worth $54,000. Virtu Financial LLC acquired a new position in Great Panther Mining during the fourth quarter worth $47,000. Finally, UBS Group AG raised its position in Great Panther Mining by 66.5% during the first quarter. UBS Group AG now owns 152,734 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 60,995 shares during the period. Hedge funds and other institutional investors own 14.85% of the company’s stock.

About Great Panther Mining (Get Rating)

Great Panther Mining Limited operates as a precious metals mining and exploration company. It explores for gold, silver, copper, lead, and zinc ores. The company operates three mines, including the Tucano gold mine in Amapá State, Brazil; and the Guanajuato mine complex and the Topia mine in Mexico, as well as Coricancha mine complex in the central Andes, Peru.

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