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Thursday October 3, 2019
Great Panther Mining Limited (GPL)
Raising Estimates Based on Improving Outlook
Great Panther Mining Limited, headquartered in Vancouver, Canada, is a precious metals mining and exploration company that operates three mines. These include: 1) the Tucano gold mine in Amapa State, Brazil, 2) the Guanajuato mine complex which includes the Guanajuato and San Ignacio mines in Mexico, and 3) the Topia mine in Mexico. Great Panther also owns the Coricancha Mine in Peru, which is expected to restart operations in 2020. The shares are traded under the ticker “GPR” on the Toronto Stock Exchange and under the ticker “GPL” on the NYSE American.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Updating estimates. We have increased our 2019 EPS and EBITDA estimates to $0.01 and $45.4 million from ($0.01) and $36.3 million, respectively. Additionally, we have increased our 2020 EPS and EBITDA estimates to $0.13 and $98.9 million from $0.11 and $88.7 million. Our revised estimates reflect higher commodity prices and improved operating margins.
- Near-term growth opportunities. While the company has laid out its production guidance for 2019, we think a full year’s production at Tucano, resumption of production at the Guanajuato mine in 2020, the potential mid-year 2020 restart of …
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This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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