Golden Minerals Company (AUMN): Not All Is OK

The stock of Golden Minerals Company (NYSE:AUMN) has been Downgraded to Neutral from Buy by ROTH Capital in its latest research note that was published on July 17. AUMN was given a price target of $0.40 by ROTH Capital, with other Wall Street analysts also giving their reports regarding the stock. ROTH Capital analysts bumped their recommendation on AUMN stock from Neutral to Buy in a separate flash note to investors on October 09.

Golden’s stock is covered by 1 analysts, with none of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, none of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only none analysts. 1 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that AUMN has an average analyst rating of 2.00.

Golden Minerals Company, which has current market capitalization of above $27 Million, published its last quarter earnings on June 30, 2019. The company was able to amass $1.96 million in revenue. This figure is $0.14 million more than what analysts had expected which was $2.1 million. During the first quarter of the year, Golden also recorded $-0.07 earnings per share (EPS) which is $0.02 above the $-0.09 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -22.22%.

AUMN surged by $0.02 during the normal trading session on Monday and reaching a high of $0.25 during the day while it closed the day at $0.25. The Golden stock had a low trading volume of 0.25 million shares on that day, which is low compared to the average daily volume of 406.75M shares. AUMN has also gained 1.72% of its value over the past 7 days. However, the stock has declined by 7.78% in the 3 months of the year. Over the past six months meanwhile, it has lost 24.83% while it has added 13.70% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -32.44% from its 3 months high price. However, taking another look at AUMN will indicate that it is trading +18.52% away from its 90-day low. Looking at the bigger picture, the Golden Minerals Company stock has dropped by -34.15% from its 52-week high while it has surged by +31% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 24.56%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 27.79%. Over the past 20 days, Golden’s Stochastic %K stood at 22.14% while its Stochastic %D was revealed to be 20.6%.