Rodman & Renshaw Maintains Great Panther Silver Ltd to Buy with Price Target $1.50

Brokerage firm Rodman & Renshaw Maintains its rating on Great Panther Silver Ltd(NYSEMKT:GPL). In a research note issued to the investors, the brokerage major Raises the price-target to $1.50 per share. The shares have been rated Buy. The rating by Rodman & Renshaw was issued on Apr 14, 2016.

Great Panther Silver Ltd (GPL) made into the market gainers list on Mondays trading session with the shares advancing 5.88% or 0.07 points. Due to strong positive momentum, the stock ended at $1.26, which is also near the day’s high of $1.26. The stock began the session at $1.21 and the volume stood at 17,89,882 shares. The 52-week high of the shares is $1.26 and the 52 week low is $0.302. The company has a current market capitalization of $179 M and it has 14,17,12,610 shares in outstanding.

Great Panther Silver Ltd(GPL) last announced its earnings results on Mar 3, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $-0.02.

Great Panther Silver Limited is a primary silver mining and exploration company. Great Panther’s activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex which includes the San Ignacio Mine and the Topia Mine in Durango. The Company holds a two-year option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and holds an option to acquire a 100% interest in the advanced stage Guadalupe de los Reyes Project in Sinaloa Mexico.

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