Zacks Investment Research upgraded shares of Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com 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. “
Separately, HC Wainwright reaffirmed a buy rating and set a $0.70 price target on shares of Golden Minerals in a report on Thursday, September 12th.
Golden Minerals stock opened at $0.31 on Wednesday. Golden Minerals has a 52-week low of $0.19 and a 52-week high of $0.38.
Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last released its quarterly earnings data on Wednesday, November 13th. The basic materials company reported ($0.02) earnings per share (EPS) 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 increased its position in Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 13.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 476,330 shares of the basic materials company’s stock after acquiring an additional 55,746 shares during the period. ETF Managers Group LLC owned approximately 0.49% of Golden Minerals worth $138,000 at the end of the most recent reporting period.
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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