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 $0.27.
Ihle observed:
“We note that Sleeper, which we have previously analyzed for an unrelated site visit, has historically produced about 1.7 million ounces of gold and 2 million ounces of silver from 1986 through 1996. Golden Gryphon conducted initial sampling and mapping on the property and identified several sets of epithermal veins, which were later confirmed by Golden Minerals. The firm has expressed optimism regarding the strength of the epithermal system, made evident at surface by clear geochemical anomalies associated with high-level quartz veining and hydrothermal breccias. Notably, Golden Minerals has identified multiple targets at surface that display similarities to those seen in outcrops related to the nearby Sleeper Mine.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -9.3% and a 32.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Minerals Co with a $0.70 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $0.42 and a one-year low of $0.19. Currently, Golden Minerals Co has an average volume of 157.2K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Golden Minerals Co. is an exploration company. The company is engaged in the acquisition, exploration, and development of mineral resource properties containing precious metals. The company was founded in March 2009 and is headquartered in Golden, CO.
