Golden Minerals Company (AUMN): what caused a meltdown today?

An interesting stock that came up in some of our conversations today is Golden Minerals Company (NYSE:AUMN). At current price of $0.26, the shares have already lost 0 points (-3.7% lower) from its previous close of $0.26. Should you buy or avoid them? The stock sets an active trading volume day with a reported 100396 contracts so far this session. AUMN shares had a relatively better volume day versus average trading capacity of 157.37 thousand shares, but with a 54.06 million float and a 0.19% run over a week, it’s definitely worth keeping an eye on. AUMN share price has been trading recently between $0.26 and $0.27. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $0.7.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Golden Minerals Options Nevada Gold-Silver Exploration Project” and dated May 14, 2019.

During the recent trading session for Golden Minerals Company (NYSE:AUMN), the company witnessed their stock drop by $-0.01 over a week and tumble down $-0.03 from the price 20 days ago. When compared to their established 52-week high of $0.42, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/18/18. The recent low of $0.19 stood for a -39.31% since 09/27/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.09 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is less volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Golden Minerals Company, the two-week RSI stands at 40.82. This figure suggests that AUMN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AUMN readings is similarly very revealing as it has a stochastic reading of 38.87% at this stage. This figure means that AUMN share price today is being neutral.

Technical chart claims that Golden Minerals Company (AUMN) would settle between $0.27/share to $0.28/share level. However, if the stock price goes below the $0.26 mark, then the market for Golden Minerals Company becomes much weaker. If that happens, the stock price might even plunge as low as $0.25 for its downside target.

Analysts at ROTH Capital lowered their recommendation on shares of AUMN from Buy to Neutral in their opinion released on July 17. ROTH Capital analysts bumped their rating on Golden Minerals Company (NYSE:AUMN) stock from Neutral to Buy in a separate flash note issued to investors on October 09. Analysts at H.C. Wainwright, made their first call for the equity with a Buy recommendation, according to a research note that dated back to August 25.

AUMN equity has an average rating of 2, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Golden Minerals Company (NYSE:AUMN) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, AUMN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 6.46 while for the average stock in the same group, the multiple is 1.78.