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Great Panther Silver Ltd (NYSEMKT:GPL) A SILVER Lining In Today's Market

Great Panther Silver Ltd (NYSEMKT:GPL) A SILVER Lining In Today's Market
Written by
Alex Carlson
Published on
April 25, 2016
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InsidrFinancial

Too bad we all didn't have a crystal ball. If we did, it certainly would have revealed to us Great Panther Silver Ltd (NYSEMKT:GPL) a year ago. This is one of the top performing stocks that I have on my screen.

After a record four consecutive years of declines, silver has been in in bull mode in 2016. Silver prices have been on a rampage this year in and recently hit an 11-month high. Currently exchanging hands at around $17.00 an ounce, silver prices are up 23% year-to-date.Silver has made a rebound for two main reasons. First and foremost, many analysts believe that the stock market is artificially inflated. Mesmerized by artificially low interest rates, investors are ignoring the earnings recession and sending stocks undeservedly higher. When this all comes to light we are going to see a pullback and a spike in silver. Not to mention this whole mess with the Saudi's. If that report is published look for Silver and Gold to go bananas.The U.S. dollar remains weak and is down more than four percent against a group of 10 currencies. Silver has an inverse relationship with the U.S. Dollar. When the dollar is strong, investors walk away from precious metals. When the dollar is weak, they turn their attention to silver as a hedge against uncertainty. Silver will continue to get attention on due to global economic concerns.GPL is trading around $1.50 right now, up massively from its 52 week low back in June of .30. As a matter of fact, back in early January you could have picked up shares of this bad boy for just over .40. Do the math. Those are some pretty hefty gains.GPL has just turned into an earnings play. A conference call and webcast will be held on Thursday May 5, 2016 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss the results. We expect a lot of buzz over the next few days especially with silver taking the spotlight.Production results were announced back on April 13th and the stock certainly got a reaction.First Quarter 2016 Production Highlights (Compared to first quarter 2015)

  • Consolidated metal production increased 2% to 1,009,828 silver equivalent ounces ("Ag eq oz")
  • Silver production decreased 10% to 539,472 silver ounces ("Ag oz")
  • Gold production increased 19%, with 5,599 gold ounces ("Au oz") produced
  • Ore processed decreased 11% to 88,683 tonnes milled

"Great Panther's first quarter production of 1.01 million silver equivalent ounces is in-line with our annual guidance, and reflects our plans for modest growth and further focus on operational efficiency in 2016 after achieving 30% growth last year", stated Robert Archer , president & CEO. "The increase in gold production and decrease in silver production are a direct result of the rising production from San Ignacio, which has a higher gold to silver ratio, and pillar recoveries at the Guanajuato mines. Our team's continued pursuit of greater efficiencies and better grade control is another important factor in the overall success for the quarter and is reflected in more ounces produced from less tonnes."Analysts have certainly been bullish on the GPL recently. Here is a recent list of upgrades and downgrades by brokers.04/14/2016 – Great Panther Silver Limited had its “buy” rating reiterated by analysts at Rodman & Renshaw. They now have a USD 1.5 price target on the stock.03/21/2016 – Great Panther Silver Limited had its “buy” rating reiterated by analysts at Euro Pacific Capital. They now have a USD 1.5 price target on the stock.03/09/2015 – Great Panther Silver Limited had its “” rating reiterated by analysts at Salman Partners. They now have a USD 0.6 price target on the stock.10/22/2014 – H.C. Wainwright began new coverage on Great Panther Silver Limited giving the company a “buy” rating. They now have a USD 1.4 price target on the stock.11/08/2013 – Great Panther Silver Limited had its “sector perform” rating reiterated by analysts at Stonecap Securities. They now have a USD 1 price target on the stock.Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. Great Panther's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango. The Company holds an option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru where an active exploration program is ongoing. We will be updating Insider Financial as soon as we know more. For continuing coverage on GPL, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in GPL and have not been compensated for this article.

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