StockNews.com Initiates Coverage on Golden Minerals (NYSE:AUMN)

StockNews.com initiated coverage on shares of Golden Minerals (NYSE:AUMN) in a report published on Wednesday. The brokerage issued a sell rating on the stock.

Separately, HC Wainwright cut their target price on shares of Golden Minerals from $3.10 to $1.50 and set a “buy” rating on the stock in a research report on Tuesday, July 16th.

Golden Minerals Stock Down 3.8 %

NYSE:AUMN opened at $0.32 on Wednesday. The stock’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.39. Golden Minerals has a 52-week low of $0.21 and a 52-week high of $0.79.

Golden Minerals (NYSE:AUMN) last released its earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter. Analysts forecast that Golden Minerals will post -0.69 earnings per share for the current fiscal year.

About Golden Minerals

Golden Minerals Company, a precious metals exploration company explores for mineral properties in Argentina, Nevada, and Mexico. It explores for gold, silver, copper, zinc, lead, and other minerals. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009.