Stock analysts at StockNews.com began coverage on shares of Golden Minerals (NYSEAMERICAN:AUMN – Get Free Report) (TSE:AUM) in a report issued on Saturday. The firm set a “hold” rating on the basic materials company’s stock.
Several other equities analysts also recently issued reports on AUMN. Fundamental Research set a $11.36 price target on shares of Golden Minerals and gave the company a “buy” rating in a report on Tuesday, August 22nd. HC Wainwright cut their price objective on shares of Golden Minerals from $13.80 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 21st.
Read Our Latest Stock Analysis on AUMN
Golden Minerals Price Performance
Golden Minerals (NYSEAMERICAN:AUMN – Get Free Report) (TSE:AUM) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter. Golden Minerals had a negative net margin of 60.55% and a negative return on equity of 178.78%. The firm had revenue of $4.97 million for the quarter. As a group, sell-side analysts anticipate that Golden Minerals will post -0.01 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Golden Minerals
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ETF Managers Group LLC increased its holdings in shares of Golden Minerals by 128.4% during the 4th quarter. ETF Managers Group LLC now owns 5,740,079 shares of the basic materials company’s stock valued at $1,575,000 after acquiring an additional 3,226,850 shares during the last quarter. Jane Street Group LLC acquired a new stake in Golden Minerals in the 3rd quarter valued at approximately $292,000. Renaissance Technologies LLC grew its holdings in Golden Minerals by 87.5% in the 1st quarter. Renaissance Technologies LLC now owns 882,488 shares of the basic materials company’s stock valued at $179,000 after buying an additional 411,765 shares during the last quarter. Citadel Advisors LLC grew its holdings in Golden Minerals by 126.3% in the 3rd quarter. Citadel Advisors LLC now owns 274,079 shares of the basic materials company’s stock valued at $71,000 after buying an additional 152,974 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in Golden Minerals by 264.2% in the 1st quarter. Virtu Financial LLC now owns 153,867 shares of the basic materials company’s stock valued at $77,000 after buying an additional 111,616 shares during the last quarter. 62.24% of the stock is owned by hedge funds and other institutional investors.
Golden Minerals Company Profile
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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