Great Panther Silver Ltd (NYSEMKT:GPL) (TSE:GPR)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued to investors on Friday. They presently have a $2.50 price target on the basic materials company’s stock. HC Wainwright’s price target indicates a potential upside of 95.31% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Roth Capital initiated coverage on shares of Great Panther Silver in a research note on Thursday, August 10th. They set a “buy” rating and a $2.00 price objective on the stock. Zacks Investment Research raised shares of Great Panther Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Noble Financial reaffirmed a “hold” rating on shares of Great Panther Silver in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $2.25.
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A number of institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new stake in Great Panther Silver in the 2nd quarter valued at $2,507,000. Global X Management Co. LLC grew its stake in Great Panther Silver by 0.6% in the 2nd quarter. Global X Management Co. LLC now owns 1,955,057 shares of the basic materials company’s stock valued at $2,499,000 after acquiring an additional 12,276 shares during the period. Sprott Inc. grew its stake in Great Panther Silver by 141.4% in the 2nd quarter. Sprott Inc. now owns 1,353,442 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 792,776 shares during the period. Goldman Sachs Group Inc. grew its stake in Great Panther Silver by 535.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 843,694 shares of the basic materials company’s stock valued at $1,080,000 after acquiring an additional 710,902 shares during the period. Finally, Jane Street Group LLC grew its stake in Great Panther Silver by 41.7% in the 1st quarter. Jane Street Group LLC now owns 406,169 shares of the basic materials company’s stock valued at $666,000 after acquiring an additional 119,586 shares during the period.
About Great Panther Silver
Great Panther Silver Ltd (Great Panther) is a Canada-based silver mining and precious metals producer and exploration company. The Company owns two producing mining operations: the Topia Mine and the Guanajuato Mine Complex (GMC). Its segments include GMC, Topia, Exploration and Corporate. The GMC operations produce silver and gold.
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