Golden Minerals (NYSEAMERICAN:AUMN) Price Target Cut to $1.00

Golden Minerals (NYSEAMERICAN:AUMNGet Rating) (TSE:AUM) had its price objective decreased by HC Wainwright to $1.00 in a note issued to investors on Thursday, The Fly reports. HC Wainwright’s target price points to a potential upside of 212.60% from the company’s current price.

AUMN has been the subject of several other reports. Fundamental Research set a $0.86 target price on shares of Golden Minerals and gave the company a “buy” rating in a research note on Wednesday, June 1st. TheStreet upgraded shares of Golden Minerals from a “d” rating to a “c-” rating in a research report on Friday, May 27th.

Golden Minerals Price Performance

Shares of Golden Minerals stock opened at $0.32 on Thursday. The stock has a market cap of $52.44 million, a P/E ratio of -10.66 and a beta of 1.07. Golden Minerals has a 12-month low of $0.29 and a 12-month high of $0.63.

Institutional Trading of Golden Minerals

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC increased its stake in shares of Golden Minerals by 264.2% in the first quarter. Virtu Financial LLC now owns 153,867 shares of the basic materials company’s stock worth $77,000 after buying an additional 111,616 shares during the period. State Street Corp raised its stake 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 period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Golden Minerals by 5.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,642,905 shares of the basic materials company’s stock valued at $1,324,000 after buying an additional 143,071 shares during the last quarter. Hedge funds and other institutional investors own 9.77% of the company’s stock.

About Golden Minerals

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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 VelardeƱa and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico.

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