Great Panther Mining (NYSEAMERICAN:GPL) Raised to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) from a strong sell rating to a hold rating in a research note issued to investors on Monday, 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. “

GPL has been the subject of a number of other research reports. HC Wainwright reissued a buy rating on shares of Great Panther Mining in a research report on Monday, August 19th. Noble Financial reissued a buy rating and issued a $1.25 target price on shares of Great Panther Mining in a research report on Sunday, May 19th.

Shares of Great Panther Mining stock opened at $0.70 on Monday. Great Panther Mining has a 52-week low of $0.54 and a 52-week high of $1.19.

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

A number of hedge funds have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP acquired a new position in Great Panther Mining in the second quarter valued at about $427,000. Morgan Stanley raised its stake in Great Panther Mining by 35.1% in the second quarter. Morgan Stanley now owns 4,599,978 shares of the basic materials company’s stock valued at $3,933,000 after purchasing an additional 1,194,873 shares in the last quarter. 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 purchasing an additional 409,304 shares in the last quarter. Sprott Inc. raised its stake in Great Panther Mining by 177.3% during the second quarter. Sprott Inc. now owns 1,348,115 shares of the basic materials company’s stock worth $1,343,000 after acquiring an additional 861,915 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in Great Panther Mining during the second quarter worth about $4,712,000.

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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