H.C. Wainwright Thinks Great Panther Silver’s Stock is Going to Recover

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Great Panther Silver (GPLResearch Report) today and set a price target of $2.25. The company’s shares closed last Tuesday at $0.45, close to its 52-week low of $0.42.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 31.2% and a 49.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.

Great Panther Silver has an analyst consensus of Moderate Buy, with a price target consensus of $2.25.

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Based on Great Panther Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $52.1 million and GAAP net loss of $10.06 million. In comparison, last year the company earned revenue of $67.03 million and had a net profit of $8.55 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPL in relation to earlier this year.

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Great Panther Mining Ltd. engages in the mining and exploration of precious materials. Its project includes El Horcon and Santa Rosa. The company was founded by Robert Alexander Archer on November 30, 1965 and is headquartered in Vancouver, Canada.