Golden Minerals (NYSE:AUMN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Golden Minerals (NYSE:AUMNFree Report) in a research report sent to investors on Sunday. The firm issued a sell rating on the stock.

Separately, HC Wainwright decreased their price objective on shares of Golden Minerals from $9.00 to $3.10 and set a buy rating for the company in a research note on Tuesday, November 14th.

View Our Latest Stock Report on AUMN

Golden Minerals Stock Up 1.9 %

Shares of NYSE:AUMN opened at $0.47 on Friday. The company has a market capitalization of $6.62 million, a PE ratio of -0.30 and a beta of 0.41. Golden Minerals has a 1-year low of $0.40 and a 1-year high of $7.00. The business’s 50 day simple moving average is $0.48.

Golden Minerals (NYSE:AUMNGet Free Report) last posted its quarterly earnings data on Friday, November 10th. The company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.12. Golden Minerals had a negative net margin of 73.94% and a negative return on equity of 257.52%. The firm had revenue of $2.50 million during the quarter. As a group, research analysts predict that Golden Minerals will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in shares of Golden Minerals by 275.2% during the 2nd quarter. Millennium Management LLC now owns 148,408 shares of the company’s stock valued at $53,000 after purchasing an additional 108,858 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Golden Minerals by 126.3% during the 3rd quarter. Citadel Advisors LLC now owns 274,079 shares of the company’s stock valued at $71,000 after purchasing an additional 152,974 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Golden Minerals by 264.2% during the 1st quarter. Virtu Financial LLC now owns 153,867 shares of the company’s stock valued at $77,000 after purchasing an additional 111,616 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Golden Minerals by 49.5% during the 3rd quarter. Renaissance Technologies LLC now owns 341,788 shares of the company’s stock valued at $88,000 after purchasing an additional 113,100 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Golden Minerals by 62.4% during the 1st quarter. State Street Corp now owns 255,615 shares of the company’s stock valued at $128,000 after purchasing an additional 98,236 shares in the last quarter. Institutional investors own 62.24% of the company’s stock.

Golden Minerals Company Profile

(Get Free Report)

Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, zinc, lead, and other minerals. The company holds a 100% interest in the Rodeo gold mine situated in Durango State, Mexico; and a 100% interest in the Velardeña and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico.

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