H.C. Wainwright Reiterates a Buy Rating on Golden Minerals Co (AUMN)

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 $0.80. The company’s shares closed yesterday at $0.33.

Ihle said:

“We expect to apply the updated commodity price deck across all companies within our coverage universe. We use this metal price update as a reason to reiterate our Buy recommendation on Golden Minerals shares.”

According to TipRanks.com, Ihle ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.3% and a 34.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Minerals Co with a $0.80 average price target.

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The company has a one-year high of $0.47 and a one-year low of $0.19. Currently, Golden Minerals Co has an average volume of 163K.

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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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