H.C. Wainwright Thinks Golden Minerals Co’s Stock is Going to Recover


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 opened today at $0.30, close to its 52-week low of $0.28.

Ihle observed:

“We also highlight that an updated PEA (expected in 3Q18) including the results from the completed 22-hole drill program should display improved economics and may serve as a near-term catalyst for the firm’s share price.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.8% and a 41.0% 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 $1 average price target.

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The company has a one-year high of $0.64 and a one-year low of $0.28. Currently, Golden Minerals Co has an average volume of 123.2K.

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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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