Golden Minerals (NYSEAMERICAN:AUMN) Sees Large Volume Increase

Shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) saw unusually-strong trading volume on Monday . Approximately 714,918 shares were traded during mid-day 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.

AUMN has been the subject of a number of analyst reports. HC Wainwright restated a “buy” rating and issued a $0.70 price target on shares of Golden Minerals in a research note on Thursday, September 12th. Zacks Investment Research cut Golden Minerals from a “hold” rating to a “sell” rating in a research note on Monday, November 25th.

An institutional investor recently raised its position in Golden Minerals stock. ETF Managers Group LLC increased its position in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 approximately 0.49% of Golden Minerals worth $138,000 as of its most recent filing with the Securities and 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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