Golden Minerals Co (AUMN) Gets a Buy Rating from H.C. Wainwright

By Ryan Adsit

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Minerals Co (AUMNResearch Report) today and set a price target of $1.00. The company’s shares closed last Tuesday at $0.45, close to its 52-week low of $0.41.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 31.7% and a 50.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.

Golden Minerals Co has an analyst consensus of Moderate Buy, with a price target consensus of $1.00.

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Based on Golden Minerals Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.86 million and GAAP net loss of $810K. In comparison, last year the company earned revenue of $1.22 million and had a GAAP net loss of $2.32 million.

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Golden Minerals Co. engages in the acquisition, exploration, and development of mineral resource properties containing precious metals. Its projects include El Quevar, Velardeña, Santa Maria, Rodeo, and Yoquivo. The company was founded in March 2009 and is headquartered in Golden, CO.