Zacks Investment Research Upgrades Golden Minerals (NYSEAMERICAN:AUMN) to Hold

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, reports.

According to Zacks, “Golden Minerals Company is a mining company with a focus on exploration, development, providing mine services, and growth through strategic business transactions. The Company has many exploration projects, primarily located in Argentina, Peru, Chile and Mexico, including the advanced-stage El Quevar project in the Salta Province of northwestern Argentina and the Zacatecas project in Mexico. Currently, Golden Minerals manages the San Cristóbal silver and zinc mine in Bolivia, one of the largest open pit silver, zinc and lead mines and processing facilities in the world. The Company intends to identify and capitalize on other opportunities to earn fees or equity interests in mine development projects or mining operations. Golden Minerals is also actively pursuing growth through strategic opportunities, including acquisitions, joint ventures and asset consolidations. Golden Minerals Company is based in Golden, Colorado. “

Shares of AUMN remained flat at $$0.30 during midday trading on Tuesday. 277,064 shares of the stock traded hands, compared to its average volume of 313,540. Golden Minerals has a one year low of $0.19 and a one year high of $0.38.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last released its earnings results on Wednesday, November 13th. The basic materials company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.94 million for the quarter.

An institutional investor recently raised its position in Golden Minerals stock. ETF Managers Group LLC grew its position in Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,330 shares of the basic materials company’s stock after purchasing an additional 55,746 shares during the period. ETF Managers Group LLC owned approximately 0.49% of Golden Minerals worth $138,000 as of its most recent SEC filing.

Golden Minerals Company Profile

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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