Golden Minerals (NYSEAMERICAN:AUMN) Sees Strong Trading Volume

Shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw unusually-high trading volume on Monday . Approximately 714,918 shares changed hands during trading, an increase of 193% from the previous session’s volume of 243,732 shares.The stock last traded at $0.23 and had previously closed at $0.21.

A number of analysts have recently weighed in on AUMN shares. Zacks Investment Research lowered shares of Golden Minerals from a “hold” rating to a “sell” rating in a report on Monday, November 25th. HC Wainwright reissued a “buy” rating and set a $0.70 target price on shares of Golden Minerals in a research note on Thursday, September 12th.

An institutional investor recently raised its position in Golden Minerals stock. ETF Managers Group LLC raised its position in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 476,330 shares of the basic materials company’s stock after purchasing an additional 55,746 shares during the period. ETF Managers Group LLC owned about 0.49% of Golden Minerals worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

About Golden Minerals (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 Velardeña 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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