Golden Minerals (NYSE:AUMN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Golden Minerals (NYSE:AUMN) in a research note released on Thursday morning. The brokerage issued a hold rating on the stock.

Several other analysts also recently weighed in on AUMN. Fundamental Research set a $11.36 price target on shares of Golden Minerals and gave the stock a buy rating in a research note on Tuesday, August 22nd. HC Wainwright dropped their target price on Golden Minerals from $9.00 to $3.10 and set a buy rating for the company in a report on Tuesday, November 14th.

Golden Minerals Stock Performance

Shares of NYSE AUMN opened at $0.49 on Thursday. The firm’s 50-day moving average price is $2.06. The stock has a market cap of $6.92 million, a PE ratio of -0.31 and a beta of 0.85. Golden Minerals has a 1-year low of $0.41 and a 1-year high of $8.04.

Golden Minerals (NYSE:AUMN) last issued its quarterly earnings results on Friday, November 10th. The company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.12. The business had revenue of $2.50 million for the quarter. Golden Minerals had a negative net margin of 73.94% and a negative return on equity of 257.52%. As a group, sell-side analysts anticipate that Golden Minerals will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Golden Minerals

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Golden Minerals during the third quarter valued at about $292,000. Renaissance Technologies LLC raised its stake in shares of Golden Minerals by 87.5% during the first quarter. Renaissance Technologies LLC now owns 882,488 shares of the company’s stock valued at $179,000 after acquiring an additional 411,765 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Golden Minerals by 126.3% during the third quarter. Citadel Advisors LLC now owns 274,079 shares of the company’s stock valued at $71,000 after acquiring an additional 152,974 shares during the last quarter. State Street Corp raised its stake in shares of Golden Minerals by 62.4% during the first quarter. State Street Corp now owns 255,615 shares of the company’s stock valued at $128,000 after acquiring an additional 98,236 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in shares of Golden Minerals by 264.2% during the first quarter. Virtu Financial LLC now owns 153,867 shares of the company’s stock valued at $77,000 after acquiring an additional 111,616 shares during the last quarter. Institutional investors own 62.24% of the company’s stock.

About Golden Minerals

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.