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

StockNews.com assumed coverage on shares of Golden Minerals (NYSE:AUMN) in a report published on Monday. The brokerage issued a sell rating on the stock.

Golden Minerals Stock Performance

NYSE AUMN opened at $0.65 on Monday. The company has a market capitalization of $9.54 million, a price-to-earnings ratio of -0.59 and a beta of 0.42. The stock has a 50-day simple moving average of $0.47. Golden Minerals has a twelve month low of $0.26 and a twelve month high of $6.78.

Golden Minerals (NYSE:AUMN) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.30 million during the quarter. Golden Minerals had a negative return on equity of 213.59% and a negative net margin of 77.16%. On average, sell-side analysts forecast that Golden Minerals will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Golden Minerals

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in Golden Minerals by 275.2% during the second quarter. Millennium Management LLC now owns 148,408 shares of the company’s stock valued at $53,000 after buying an additional 108,858 shares during the last quarter. Citadel Advisors LLC boosted its stake in Golden Minerals by 126.3% during the third quarter. Citadel Advisors LLC now owns 274,079 shares of the company’s stock valued at $71,000 after buying an additional 152,974 shares during the last quarter. Virtu Financial LLC boosted its stake in Golden Minerals by 264.2% during the first quarter. Virtu Financial LLC now owns 153,867 shares of the company’s stock valued at $77,000 after buying an additional 111,616 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Golden Minerals by 49.5% during the third quarter. Renaissance Technologies LLC now owns 341,788 shares of the company’s stock valued at $88,000 after buying an additional 113,100 shares during the last quarter. Finally, State Street Corp boosted its stake in Golden Minerals by 62.4% during the first quarter. State Street Corp now owns 255,615 shares of the company’s stock valued at $128,000 after buying an additional 98,236 shares during the last quarter. Institutional investors own 13.37% of the company’s stock.

About Golden Minerals

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.