H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Minerals Co (AUMN) today and set a price target of $1.00. The company’s shares closed last Thursday at $0.83.
According to TipRanks.com, Ihle is a top 100 analyst with an average return of 51.9% and a 68.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Currently, the analyst consensus on Golden Minerals Co is a Moderate Buy with an average price target of $1.00.
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Based on Golden Minerals Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.15 million and GAAP net loss of $1.29 million. In comparison, last year the company earned revenue of $1.94 million and had a GAAP net loss of $1.76 million.
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Golden Minerals Co. engages in the acquisition, exploration, and development of mineral resource properties containing precious metals. Its projects include El Quevar, Velardeña, Santa Maria, Rodeo, and Yoquivo. The company was founded in March 2009 and is headquartered in Golden, CO.
