StockNews.com Initiates Coverage on Golden Minerals (NYSE:AUMN)

StockNews.com initiated coverage on shares of Golden Minerals (NYSE:AUMN) in a research note released on Tuesday morning. The brokerage issued a sell rating on the stock.

Separately, HC Wainwright reduced their price objective on shares of Golden Minerals from $3.10 to $1.50 and set a buy rating for the company in a research report on Tuesday, July 16th.

Golden Minerals Stock Down 10.0 %

Shares of AUMN stock opened at $0.27 on Tuesday. The company’s fifty day simple moving average is $0.38 and its 200-day simple moving average is $0.44. The firm has a market cap of $3.92 million, a PE ratio of -0.29 and a beta of 0.28. Golden Minerals has a 12 month low of $0.26 and a 12 month high of $2.44.

Golden Minerals (NYSE:AUMN) last posted its earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. Golden Minerals had a negative return on equity of 517.60% and a negative net margin of 77.16%. On average, equities analysts predict that Golden Minerals will post -0.69 earnings per share for the current fiscal year.

About Golden Minerals

Golden Minerals Company, a precious metals exploration company explores for mineral properties in Argentina, Nevada, and Mexico. It explores for gold, silver, copper, zinc, lead, and other minerals. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009.