In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Golden Minerals Co (NYSE: AUMN), with a price target of $0.80. The company’s shares closed yesterday at $0.21, close to its 52-week low of $0.19.
Ihle said:
“We also note that the project’s low AISC of $11.12 per payable silver ounce are supported by low LOM total capital of $1.2 million.”
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.1% and a 33.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Golden Minerals Co has an analyst consensus of Moderate Buy, with a price target consensus of $0.80.
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Based on Golden Minerals Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.69 million. In comparison, last year the company had a GAAP net loss of $318K.
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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.
