Great Panther Mining Limited (GPL) Insiders Cutting Stake At Fast Rate

On November 07, 2019, Great Panther Mining Limited (NYSE:GPL) shares gained 3.28% or 0.02 points to close at $0.5 with a heavy trading volume of 1.606 million shares. It opened the trading session at $0.48, the shares rose to $0.49 and dropped to $0.47, the range by which the price of stock traded the whole day. The company now has a market cap of $159 million and currently has 327.5 million outstanding shares. Great Panther Mining Limited (GPL) stock has plunged -32.87 percent of market value in 21 trading days.

GPL stock’s trailing 3-year beta is 0.64, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.11 share in the trailing 52 weeks. The stock’s value fallen -31.8 percent year to date (YTD) compared to a decline of -21.01 percent in 52 week’s period. The firm’s shares are still trading -57.97 percent below its 1-year high of $1.19 and 6.4 percent up from 52-week low of $0.47. The average consensus ranking on the company is 2.3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

Great Panther Mining Limited (GPL) is most likely going to rise 326 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $1.75-month high price target. This represents a whopping 250 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $1, which means a return possibility of 100 percent in comparison with the closing price of the stock of $0.5 on November 07. The lowest price set for the stock is $0.8 — just above 60 percent from GPL share price now.

Past records have indicated that shares in Great Panther Mining Limited declined on 10 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of GPL’s Q4 earnings on February 27. Analysts are predicting revenue to climb 33 percent to $16.36M in the financial fourth quarter, while EPS will soar by about -100 percent to $0 per share. In the last quarter, it earnings of -$0.0199658119658119 per share came worse than the -$0.0100908402725208, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $13.66M, missing the $16.17M analysts had expected. Earnings are seen to rise by -891.2 percent this year, 300 percent in the coming year.

The stock is lingering around the initial support level of $0.49. After this, the following support is at the zone of $0.47. Up until the time the GPL stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 30.3 on the daily chart, and this may be a cause for comfort. In case the price goes below $0.47 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $0.52 level may cause a pull-back move approaching $0.53 mark.

It is additionally sporting a 0.8 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.4. Great Panther Mining Limited has a 6.3% gross profit margin.