Golden Minerals (NYSE:AUMN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Golden Minerals (NYSE:AUMN) in a report released on Monday. The firm set a “sell” rating on the stock.

Golden Minerals Stock Down 2.0 %

NYSE:AUMN opened at $0.65 on Monday. The firm has a market cap of $9.49 million, a price-to-earnings ratio of -0.59 and a beta of 0.42. The company has a 50-day moving average price of $0.45. Golden Minerals has a 1-year low of $0.26 and a 1-year high of $7.00.

Golden Minerals (NYSE:AUMN) last posted its earnings results on Tuesday, March 19th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.30 million during the quarter. Golden Minerals had a negative net margin of 77.16% and a negative return on equity of 213.59%. Sell-side analysts anticipate that Golden Minerals will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Golden Minerals

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Golden Minerals during the 3rd quarter worth approximately $292,000. Renaissance Technologies LLC grew its holdings in Golden Minerals by 87.5% during the 1st quarter. Renaissance Technologies LLC now owns 882,488 shares of the company’s stock worth $179,000 after acquiring an additional 411,765 shares in the last quarter. Citadel Advisors LLC grew its holdings in Golden Minerals by 126.3% during the 3rd quarter. Citadel Advisors LLC now owns 274,079 shares of the company’s stock worth $71,000 after acquiring an additional 152,974 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 company’s stock worth $128,000 after acquiring an additional 98,236 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Golden Minerals by 264.2% during the 1st quarter. Virtu Financial LLC now owns 153,867 shares of the company’s stock worth $77,000 after acquiring an additional 111,616 shares in the last quarter. 13.37% of the stock is owned by hedge funds and other institutional investors.

Golden Minerals Company Profile

Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, 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.