Back to top

Image: Bigstock

Great Panther (GPL) Q4 Earnings Miss, Sales Beat Estimates

Read MoreHide Full Article

Great Panther Mining Limited (GPL) reported fourth-quarter 2021 adjusted loss per share of 3 cents that came in wider than the Zacks Consensus Estimate of a loss of 2 cents per share. The company had delivered earnings per share of 4 cents in the prior-year quarter.

Revenues plunged 38% year over year to $43 million in the fourth quarter. The top line surpassed the Zacks Consensus Estimate of $40 million.

Mine operating loss was $4 million in the quarter under review against mine operating earnings of $22.1 million in the fourth quarter of 2020. Adjusted EBITDA was a negative $5.2 million compared with $27.2 million in the last-year quarter.

Great Panther produced 24,284 gold equivalent ounces in the fourth quarter of 2021, which was 34% lower than the year-ago quarter.

2021 Performance

Great Panther reported an loss per share of 12 cents in 2021 against break-even earnings reported in the prior year. Sales were down 29% year over year to $185.7 million. Lower metal sales volumes were partially offset by higher realized prices for silver, lead and zinc, leading to lower revenues in the year.

The company produced 105,006 gold equivalent ounces in 2021, which included 87,054 gold ounces and 1,201,822 silver ounces. Production slumped 30% from 2020.

Guidance

Great Panther expects gold equivalent production to range between 100,000 ounces and 119,000 ounces. Cash costs per gold ounce sold for 2022 is expected to be $1,200-1,300. AISC per gold ounce sold is projected between $1,600 and 1,700.

Share Price Performance

Zacks Investment Research
Image Source: Zacks Investment Research

Great Panther’s shares have fallen 68.6% in a year’s time, compared with the industry’s decline of 13.6%.

Zacks Rank & Stocks to Consider

GPL currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the basic materials space include Teck Resources (TECK - Free Report) , Cabot Corporation (CBT - Free Report) and Allegheny Technologies Incorporated (ATI - Free Report) . While TECK and currently sports a Zacks Rank #1 (Strong Buy), CBT and ATI carry a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Teck Resources has a projected earnings growth rate of 21.5% for the current fiscal year. The Zacks Consensus Estimate for TECK's current fiscal year earnings has been revised upward by 28% in the past 60 days.

Teck Resources beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13%. TECK’s shares have surged around 96% in a year.

Cabot has a projected earnings growth rate of 7.6% for the current year. The Zacks Consensus Estimate for CBT’s current-year earnings has been revised upward by 8% in the past 60 days.

Cabot beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 21.6%. CBT has rallied around 38% in a year.

Allegheny has an expected earnings growth rate of a whopping 661.5% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised upward by 46% in the past 60 days.

Allegheny beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 127.2%. ATI has rallied around 25% over a year.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


ATI Inc. (ATI) - free report >>

Cabot Corporation (CBT) - free report >>

Teck Resources Ltd (TECK) - free report >>