The Globe and Mail reports in its Thursday, Jan. 16, edition that Noble Capital Markets analyst Mark Reichman raised Great Panther Mining to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column writes that Mr. Reichman did not specify a share target. Analysts on average, however, target the shares at $1.18 (U.S). Mr. Reichman says in a note: "While the stock appeared to be trading at well below our fair value estimate, risks and uncertainties to the long-term outlook reduced confidence in our estimate. Additionally, because the Tucano mine's production profile is heavily weighted to the third and fourth quarters, we saw few catalysts to move the stock until investors had a better assessment of Tucano's production potential. While we don't expect our price target to be realized immediately, the company is taking the right steps to improve performance throughout 2020. Presently, Great Panther is a 'show me' story and we believe the valuation could improve as it becomes more evident that earnings and cash flow will materialize."