Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR)’s share price shot up 7.7% during mid-day trading on Wednesday . The stock traded as high as $0.57 and last traded at $0.56, 1,351,054 shares were traded during trading. An increase of 1% from the average session volume of 1,331,505 shares. The stock had previously closed at $0.52.

A number of brokerages have recently issued reports on GPL. Noble Financial upgraded shares of Great Panther Mining from a “market perform” rating to a “buy” rating in a research report on Wednesday. Roth Capital set a $1.50 price objective on shares of Great Panther Mining and gave the stock a “buy” rating in a research report on Tuesday, October 8th. HC Wainwright reissued a “buy” rating and set a $1.75 target price on shares of Great Panther Mining in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Great Panther Mining from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a report on Thursday.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last posted its earnings results on Wednesday, October 30th. The basic materials company reported ($0.02) EPS for the quarter. The firm had revenue of $71.00 million for the quarter, compared to the consensus estimate of $67.61 million.

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC boosted its holdings in Great Panther Mining by 157.7% during the 3rd quarter. Virtu Financial LLC now owns 108,141 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 66,181 shares during the last quarter. Millennium Management LLC lifted its position in shares of Great Panther Mining by 82.0% during the third quarter. Millennium Management LLC now owns 186,573 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 84,051 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Great Panther Mining by 55.7% during the third quarter. Essex Investment Management Co. LLC now owns 778,500 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 278,500 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new position in Great Panther Mining during the second quarter worth about $427,000. Finally, Morgan Stanley boosted its holdings in Great Panther Mining by 35.1% during the second quarter. Morgan Stanley now owns 4,599,978 shares of the basic materials company’s stock worth $3,933,000 after purchasing an additional 1,194,873 shares during the last quarter.

Great Panther Mining Company Profile (NYSEAMERICAN:GPL)

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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