Zacks Investment Research upgraded shares of Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) from a hold rating to a buy rating in a report published on Monday, Zacks.com reports. Zacks Investment Research currently has $0.50 target price on the basic materials company’s stock.

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. “

Several other analysts also recently weighed in on AUMN. Roth Capital assumed coverage on shares of Golden Minerals in a report on Thursday, July 16th. They issued a buy rating and a $1.00 target price on the stock. HC Wainwright reaffirmed a buy rating and issued a $0.90 target price (up previously from $0.80) on shares of Golden Minerals in a report on Monday, July 13th.

Shares of Golden Minerals stock opened at $0.43 on Monday. Golden Minerals has a 1 year low of $0.13 and a 1 year high of $0.58.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01.

An institutional investor recently raised its position in Golden Minerals stock. Renaissance Technologies LLC increased its stake in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 108.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,800 shares of the basic materials company’s stock after buying an additional 155,900 shares during the period. Renaissance Technologies LLC owned about 0.28% of Golden Minerals worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

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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