Golden Minerals (NYSE:AUMN) Coverage Initiated at started coverage on shares of Golden Minerals (NYSE:AUMNFree Report) in a research note released on Saturday. The brokerage issued a sell rating on the stock.

Golden Minerals Stock Performance

Golden Minerals stock opened at $0.48 on Friday. Golden Minerals has a 52 week low of $0.26 and a 52 week high of $7.00. The business’s 50 day moving average price is $0.42. The company has a market cap of $7.02 million, a PE ratio of -0.43 and a beta of 0.42.

Golden Minerals (NYSE:AUMNGet Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.02) EPS for the quarter. Golden Minerals had a negative return on equity of 213.59% and a negative net margin of 77.16%. The business had revenue of $0.30 million for the quarter. As a group, sell-side analysts expect that Golden Minerals will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Golden Minerals

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Golden Minerals in the third quarter worth about $292,000. Renaissance Technologies LLC raised its position in shares of Golden Minerals by 87.5% in the first quarter. Renaissance Technologies LLC now owns 882,488 shares of the company’s stock valued at $179,000 after purchasing an additional 411,765 shares during the period. State Street Corp lifted its stake in shares of Golden Minerals by 62.4% during the 1st quarter. State Street Corp now owns 255,615 shares of the company’s stock valued at $128,000 after buying an additional 98,236 shares in the last quarter. Virtu Financial LLC boosted its holdings in Golden Minerals by 264.2% in the 1st quarter. Virtu Financial LLC now owns 153,867 shares of the company’s stock worth $77,000 after buying an additional 111,616 shares during the period. Finally, Citadel Advisors LLC grew its stake in Golden Minerals by 126.3% in the 3rd quarter. Citadel Advisors LLC now owns 274,079 shares of the company’s stock valued at $71,000 after buying an additional 152,974 shares in the last quarter. Institutional investors own 13.37% of the company’s stock.

Golden Minerals Company Profile

(Get Free Report)

Golden Minerals Company, a precious metals exploration company explores for mineral properties. It explores for gold, silver, copper, zinc, lead, and other minerals. The company holds a 100% interest in the Rodeo gold mine situated in Durango State, Mexico; and a 100% interest in the Velardeña and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico.

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