Golden Minerals Co (AUMN) Gets a Buy Rating from H.C. Wainwright


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Golden Minerals Co (AUMN), with a price target of $0.70. The company’s shares closed yesterday at $0.20, close to its 52-week low of $0.19.

Ihle commented:

“We also note the firm had $4.9 million of net operating margin from its oxide plant lease. Management currently expects to receive approximately $4.6 million in net operating margin from the oxide plant lease during FY19. We note that the firm maintained a healthy balance sheet with $3.6 million of cash and cash equivalents, and short-term investments.”

According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -2.9% and a 42.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

Golden Minerals Co has an analyst consensus of Moderate Buy, with a price target consensus of $0.70.

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Based on Golden Minerals Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.59 million. In comparison, last year the company had a GAAP net loss of $2.04 million.

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Golden Minerals Co. engages in the acquisition, exploration, and development of mineral resource properties. It operates through the following segments: Velardeña Properties, and Corporate, Exploration & Other segments. Its portfolio includes Velardeña and E Quevar projects. The company was founded in March 2009 and is headquartered in Golden, CO.

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