Golden Minerals (NYSEAMERICAN:AUMN) Rating Increased to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) from a hold rating to a buy rating in a research report sent to investors on Monday, Zacks.com reports. Zacks Investment Research currently has $0.25 target price on the basic materials company’s stock.

According to Zacks, “Golden Minerals Company is a mining company with a focus on exploration, development, providing mine services, and growth through strategic business transactions. The Company has many exploration projects, primarily located in Argentina, Peru, Chile and Mexico, including the advanced-stage El Quevar project in the Salta Province of northwestern Argentina and the Zacatecas project in Mexico. Currently, Golden Minerals manages the San Cristóbal silver and zinc mine in Bolivia, one of the largest open pit silver, zinc and lead mines and processing facilities in the world. The Company intends to identify and capitalize on other opportunities to earn fees or equity interests in mine development projects or mining operations. Golden Minerals is also actively pursuing growth through strategic opportunities, including acquisitions, joint ventures and asset consolidations. Golden Minerals Company is based in Golden, Colorado. “

Separately, HC Wainwright restated a buy rating and set a $0.70 target price on shares of Golden Minerals in a research report on Thursday, September 12th.

Shares of NYSEAMERICAN AUMN opened at $0.25 on Monday. Golden Minerals has a 1 year low of $0.19 and a 1 year high of $0.38.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter.

An institutional investor recently raised its position in Golden Minerals stock. ETF Managers Group LLC raised its stake in Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 27.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,584 shares of the basic materials company’s stock after purchasing an additional 91,109 shares during the quarter. ETF Managers Group LLC owned about 0.44% of Golden Minerals worth $114,000 at the end of the most recent quarter.

Golden Minerals Company Profile

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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