Millennium Management LLC purchased a new stake in Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 224,177 shares of the basic materials company’s stock, valued at approximately $159,000.
A number of other hedge funds also recently bought and sold shares of GPL. Renaissance Technologies LLC grew its stake in Great Panther Mining by 29.5% in the third quarter. Renaissance Technologies LLC now owns 2,436,895 shares of the basic materials company’s stock valued at $2,072,000 after purchasing an additional 555,400 shares in the last quarter. ETF Managers Group LLC grew its stake in Great Panther Mining by 42.9% in the fourth quarter. ETF Managers Group LLC now owns 581,082 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 174,534 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Great Panther Mining in the fourth quarter valued at approximately $101,000.
Several research analysts have recently commented on GPL shares. Noble Financial reiterated a “buy” rating and set a $1.50 target price on shares of Great Panther Mining in a research note on Monday, March 4th. HC Wainwright reiterated a “buy” rating and set a $1.50 target price on shares of Great Panther Mining in a research note on Thursday, April 11th. Finally, Zacks Investment Research upgraded Great Panther Mining from a “sell” rating to a “hold” rating in a research note on Friday, April 19th.
Shares of NYSEAMERICAN GPL opened at $0.78 on Thursday. Great Panther Mining Ltd has a 12 month low of $0.54 and a 12 month high of $1.28.
Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last issued its earnings results on Thursday, February 28th. The basic materials company reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The business had revenue of $13.65 million for the quarter, compared to the consensus estimate of $16.74 million.
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Great Panther Mining Profile
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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