OppenheimerFunds Inc. acquired a new position in shares of Great Panther Silver Ltd (NYSEMKT:GPL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 120,000 shares of the basic materials company’s stock, valued at approximately $196,000. OppenheimerFunds Inc. owned approximately 0.07% of Great Panther Silver as of its most recent SEC filing.
Separately, Van ECK Associates Corp boosted its stake in Great Panther Silver by 13.4% in the first quarter. Van ECK Associates Corp now owns 27,121,918 shares of the basic materials company’s stock worth $44,480,000 after buying an additional 3,195,691 shares during the period.
Shares of Great Panther Silver Ltd (NYSEMKT:GPL) opened at 1.25 on Friday. The stock has a market capitalization of $209.86 million, a PE ratio of 125.00 and a beta of 0.97. The firm has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.51. Great Panther Silver Ltd has a 1-year low of $1.11 and a 1-year high of $2.28.
Great Panther Silver (NYSEMKT:GPL) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.02 EPS for the quarter. The firm had revenue of $12.37 million during the quarter. Great Panther Silver had a return on equity of 15.37% and a net margin of 24.57%. On average, equities research analysts forecast that Great Panther Silver Ltd will post $0.04 earnings per share for the current year.
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A number of equities research analysts have commented on the company. Noble Financial reiterated a “hold” rating on shares of Great Panther Silver in a research note on Saturday, May 6th. Zacks Investment Research upgraded Great Panther Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet upgraded Great Panther Silver from a “d+” rating to a “c-” rating in a research note on Friday, May 26th.
Great Panther Silver Company Profile
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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