OppenheimerFunds Inc. Buys New Stake in Great Panther Silver Ltd (NYSEMKT:GPL)

OppenheimerFunds Inc. purchased a new position in shares of Great Panther Silver Ltd (NYSEMKT:GPL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 120,000 shares of the basic materials company’s stock, valued at approximately $196,000. OppenheimerFunds Inc. owned 0.07% of Great Panther Silver at the end of the most recent quarter.

Separately, Van ECK Associates Corp increased its position in shares of 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 valued at $44,480,000 after buying an additional 3,195,691 shares in the last quarter.

Shares of Great Panther Silver Ltd (NYSEMKT:GPL) traded down 1.56% on Monday, hitting $1.26. The company had a trading volume of 193,665 shares. The stock has a market cap of $211.54 million, a PE ratio of 126.00 and a beta of 0.97. Great Panther Silver Ltd has a 12 month low of $1.11 and a 12 month high of $2.28. The company has a 50-day moving average of $1.22 and a 200 day moving average of $1.50.

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GPL has been the subject of several research reports. Zacks Investment Research downgraded Great Panther Silver from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. TheStreet downgraded Great Panther Silver from a “c-” rating to a “d+” rating in a research report on Thursday, May 11th. Finally, Noble Financial restated a “hold” rating on shares of Great Panther Silver in a research report on Friday.

About Great Panther Silver

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.