StockNews.com Initiates Coverage on Golden Minerals (NYSE:AUMN)

Equities researchers at StockNews.com assumed coverage on shares of Golden Minerals (NYSE:AUMN) in a research report issued on Saturday. The brokerage set a “sell” rating on the stock.

Golden Minerals Price Performance

Shares of NYSE AUMN opened at $0.27 on Friday. The company’s 50 day simple moving average is $0.30 and its 200 day simple moving average is $0.36. Golden Minerals has a fifty-two week low of $0.21 and a fifty-two week high of $0.79. The firm has a market capitalization of $4.06 million, a P/E ratio of -0.52 and a beta of 0.23.

Golden Minerals Company Profile

Golden Minerals Company, a precious metals exploration company explores for mineral properties in Argentina, Nevada, and Mexico. It explores for gold, silver, copper, zinc, lead, and other minerals. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009.