Golden Minerals (NYSEAMERICAN:AUMN) Shares Cross Above 200 Day Moving Average of $0.00

Golden Minerals (NYSEAMERICAN:AUMNGet Rating) (TSE:AUM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.27. Golden Minerals shares last traded at $0.26, with a volume of 413,732 shares changing hands.

Analysts Set New Price Targets

AUMN has been the topic of a number of recent research reports. HC Wainwright lowered their price objective on shares of Golden Minerals to $1.00 in a report on Thursday, August 4th. TheStreet cut shares of Golden Minerals from a “c-” rating to a “d” rating in a research note on Tuesday, August 16th. Finally, Fundamental Research decreased their target price on shares of Golden Minerals from $0.86 to $0.79 and set a “buy” rating for the company in a research note on Tuesday, August 23rd.

Golden Minerals Stock Performance

The stock has a market cap of $40.18 million, a PE ratio of -8.82 and a beta of 1.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in Golden Minerals by 275.2% during the second quarter. Millennium Management LLC now owns 148,408 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 108,858 shares in the last quarter. Virtu Financial LLC raised its stake in Golden Minerals by 264.2% during the first quarter. Virtu Financial LLC now owns 153,867 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 111,616 shares in the last quarter. State Street Corp increased its stake in shares of Golden Minerals by 62.4% in the first quarter. State Street Corp now owns 255,615 shares of the basic materials company’s stock valued at $128,000 after buying an additional 98,236 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Golden Minerals by 5.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,642,905 shares of the basic materials company’s stock valued at $1,324,000 after buying an additional 143,071 shares during the period. Institutional investors and hedge funds own 9.77% of the company’s stock.

About Golden Minerals

(Get Rating)

Golden Minerals Company, a precious metals exploration company, mines, constructs, and explores for mineral properties containing precious metals. It explores for gold, silver, 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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