Golden Minerals (NYSEAMERICAN:AUMN) Shares Gap Up to $0.34

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Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $0.33, but opened at $0.34. Golden Minerals shares last traded at $0.34, with a volume of 1,219,800 shares changing hands.

AUMN has been the subject of a number of recent analyst reports. HC Wainwright restated a “buy” rating and set a $0.60 price target (down from $0.70) on shares of Golden Minerals in a research report on Friday, May 8th. Zacks Investment Research upgraded shares of Golden Minerals from a “hold” rating to a “strong-buy” rating and set a $0.25 price target for the company in a research report on Wednesday, May 13th.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last posted its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.20 million for the quarter.

An institutional investor recently raised its position in Golden Minerals stock. Renaissance Technologies LLC grew its position in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 108.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,800 shares of the basic materials company’s stock after acquiring an additional 155,900 shares during the period. Renaissance Technologies LLC owned about 0.28% of Golden Minerals worth $93,000 as of its most recent SEC filing.

Golden Minerals Company Profile (NYSEAMERICAN:AUMN)

Golden Minerals Company, an exploration stage company, engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns 100% interest in the VelardeƱa and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced silver exploration property in the province of Salta, Argentina.

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