Golden Minerals (NYSEAMERICAN:AUMN) Shares Pass Above Two Hundred Day Moving Average of $0.00

Golden Minerals (NYSEAMERICAN:AUMNGet Rating) (TSE:AUM) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.27. Golden Minerals shares last traded at $0.26, with a volume of 413,732 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AUMN. HC Wainwright decreased their target price on shares of Golden Minerals to $1.00 in a research report on Thursday, August 4th. TheStreet downgraded shares of Golden Minerals from a “c-” rating to a “d” rating in a research note on Tuesday, August 16th. Finally, Fundamental Research dropped their price target on shares of Golden Minerals from $0.86 to $0.79 and set a “buy” rating on the stock in a research note on Tuesday, August 23rd.

Golden Minerals Trading Down 9.3 %

The company has a market capitalization of $40.18 million, a price-to-earnings ratio of -8.82 and a beta of 1.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Golden Minerals by 275.2% during the 2nd quarter. Millennium Management LLC now owns 148,408 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 108,858 shares during the last quarter. Virtu Financial LLC increased its position in shares of Golden Minerals by 264.2% during the 1st quarter. Virtu Financial LLC now owns 153,867 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 111,616 shares in the last quarter. State Street Corp grew its holdings in Golden Minerals by 62.4% during the 1st quarter. State Street Corp now owns 255,615 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 98,236 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Golden Minerals by 5.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,642,905 shares of the basic materials company’s stock worth $1,324,000 after acquiring an additional 143,071 shares during the last quarter. Institutional investors and hedge funds own 9.77% of the company’s stock.

Golden Minerals Company Profile

(Get Rating)

Golden Minerals Company, a precious metals exploration company, mines, constructs, and explores for mineral properties containing precious metals. It explores for gold, silver, 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.

Further Reading

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