Golden Minerals (NYSEAMERICAN:AUMN) Rating Reiterated by HC Wainwright

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a report issued on Thursday, TipRanks reports. They currently have a $1.00 target price on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 163.16% from the stock’s current price.

AUMN has been the subject of a number of other reports. Fundamental Research reduced their price objective on shares of Golden Minerals from $1.03 to $1.00 and set a “buy” rating for the company in a research report on Friday, November 19th. Zacks Investment Research raised shares of Golden Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th.

Shares of AUMN opened at $0.38 on Thursday. The firm has a market cap of $61.87 million, a P/E ratio of -7.60 and a beta of 1.33. Golden Minerals has a 1-year low of $0.31 and a 1-year high of $1.30.

A number of institutional investors and hedge funds have recently bought and sold shares of AUMN. Virtu Financial LLC raised its stake in Golden Minerals by 52.3% during the second quarter. Virtu Financial LLC now owns 103,407 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 35,490 shares in the last quarter. State Street Corp raised its stake in Golden Minerals by 446.9% during the second quarter. State Street Corp now owns 157,379 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 128,600 shares in the last quarter. Citadel Advisors LLC raised its stake in Golden Minerals by 1,133.7% during the third quarter. Citadel Advisors LLC now owns 264,884 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 243,413 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Golden Minerals by 15.8% during the second quarter. Geode Capital Management LLC now owns 818,174 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 111,616 shares in the last quarter. 3.46% of the stock is owned by institutional investors and hedge funds.

About Golden Minerals

Golden Minerals Co is a precious metals junior gold-silver producer company. It focuses on a portfolio of precious metals projects which includes VelardeƱa Properties and Rodeo gold project in Durango State, Mexico; El Quevar silver project in Salta province of Argentina; Yoquivo gold-silver district-scale project in Chihuahua, Mexico; Sand Canyon gold-silver project in northwestern Nevada; and additional traditional silver-producing projects in the areas of Mexico.

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