H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Minerals Co (AUMN – Research Report) today and set a price target of $0.60. The company’s shares closed yesterday at $0.11.
Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Endeavour Silver, and First Majestic Silver. According to TipRanks, Ihle has an average return of -16.9% and a 25.65% success rate on recommended stocks.
Currently, the analyst consensus on Golden Minerals Co is a Moderate Buy with an average price target of $0.67.
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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 $4.22 million and a GAAP net loss of $3.27 million. In comparison, last year the company earned a revenue of $7.51 million and had a GAAP net loss of $316 thousand
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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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