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Great Panther Mining Limited (GPL)
Q3 Falls Short on EPS but Exceeds on EBITDA
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.
- GPL reports third quarter loss. GPL reported a third quarter loss of ($6.1) million, or ($0.02) per share compared with our net income estimate of $1.8 million, or $0.01 per share. The variance to our estimate was due, in part, to higher finance and other costs, including a foreign exchange loss of $6.8 million. Adjusted EBITDA increased to $13.7 million versus a loss of $3.0 million during the prior year period and $3.1 million generated during the second quarter of 2019. We had forecast adjusted EBITDA of $11.6 million.
- Adjusting estimates. We are lowering our 2019 EPS and EBITDA estimates to ($0.07) and $26.4 million from ($0.03) and $27.6 million, respectively. Our full year 2020 EPS and EBITDA estimates have also been lowered to $0.06 and $64.6 million, from...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.