Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) released its earnings results on Wednesday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01), Morningstar.com reports. The firm had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $23.78 million.
Shares of GPL stock traded down $0.02 during mid-day trading on Thursday, hitting $0.76. The stock had a trading volume of 14,076 shares, compared to its average volume of 863,316. Great Panther Mining has a 12-month low of $0.54 and a 12-month high of $1.28.
Hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC purchased a new stake in shares of Great Panther Mining in the 1st quarter worth $94,000. King Luther Capital Management Corp purchased a new stake in shares of Great Panther Mining during the 1st quarter worth $94,000. Virtu Financial LLC purchased a new stake in shares of Great Panther Mining during the 4th quarter worth $101,000. Millennium Management LLC purchased a new stake in shares of Great Panther Mining during the 4th quarter worth $159,000. Finally, Deutsche Bank AG lifted its stake in shares of Great Panther Mining by 484.5% during the 4th quarter. Deutsche Bank AG now owns 239,826 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 198,798 shares during the last quarter.
Several brokerages have commented on GPL. Zacks Investment Research raised Great Panther Mining from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research report on Wednesday, May 8th. Noble Financial reaffirmed a “buy” rating and issued a $1.25 price objective on shares of Great Panther Mining in a research report on Wednesday, January 23rd. Finally, HC Wainwright set a $2.00 price objective on Great Panther Mining and gave the company a “buy” rating in a research report on Tuesday, March 5th.
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Great Panther Mining Company 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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