Golden Minerals Co (NYSEAMERICAN:AUMN) Position Cut by BlackRock Inc.

BlackRock Inc. lessened its position in shares of Golden Minerals Co (NYSEAMERICAN:AUMN) (TSE:AUM) by 23.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 475,616 shares of the basic materials company’s stock after selling 147,765 shares during the period. BlackRock Inc. owned approximately 0.49% of Golden Minerals worth $135,000 at the end of the most recent reporting period.

AUMN has been the subject of several analyst reports. Zacks Investment Research raised Golden Minerals from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Monday, September 16th. HC Wainwright reaffirmed a “buy” rating and issued a $0.70 target price on shares of Golden Minerals in a research report on Thursday, September 12th.

Shares of NYSEAMERICAN AUMN opened at $0.22 on Friday. Golden Minerals Co has a 1-year low of $0.20 and a 1-year high of $0.38.

Golden Minerals (NYSEAMERICAN:AUMN) (TSE:AUM) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.03) earnings per share for the quarter.

About Golden Minerals

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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