Great Panther Silver (GPL) Stock Down on Lower Silver Prices

NEW YORK (TheStreet) -- Shares of Great Panther Silver (GPL) are sliding 2.5% to $1.37 late Friday afternoon as silver prices trade in the red.

For September delivery, silver is slumping 0.87% to $20.15 per ounce on the COMEX this afternoon.

The price of the metal is slipping today as the dollar is stronger. Precious metals such as silver and gold are more expensive to foreign currency holders when the greenback is strong.

But unlike gold silver settled this week with a seventh week of gains, MarketWatch noted.

Silver retreated yesterday after settling at almost a two-year high on Wednesday amid safe-haven and industrial-use demand.

Great Panther is a Vancouver-based silver mining and precious metals producer and exploration company.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: GPL

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