In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Golden Minerals Co (AUMN – Research Report), with a price target of $0.60. The company’s shares closed yesterday at $0.33.
Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Golden Minerals Co, and Great Panther Silver. According to TipRanks, Ihle has an average return of -11.8% and a 28.79% success rate on recommended stocks.
Golden Minerals Co has an analyst consensus of Moderate Buy, with a price target consensus of $0.73.
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Based on Golden Minerals Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.51 million and a GAAP net loss of $316 thousand. In comparison, last year the company earned a revenue of $1.78 million and had a GAAP net loss of $3.18 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.
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