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AUMN Nice Press!
9 Diversified Stocks With 100% Buy Ratings
By Karvy Global 04/14/11 - 11:56 AM EDT
http://www.thestreet.com/story/11082603/9/9-diversified-stocks-with-100-buy-ratings.html
1. Golden Minerals(AUMN_) is a mineral exploration and mining services company with a portfolio of precious metals and other mineral exploration properties located in or near the traditional precious metals producing regions of Mexico and South America. The company remains focused on the advancement of the 100% controlled El Quevar silver project in northwestern Argentina.
Net loss reported for 2010 was $33.3 million compared to $20.1 million in 2009, following a 56.7% increase in total costs and expenses. However, on a per share basis, net loss narrowed to $3.72 per share from $6.78 per share in 2009. Total revenue, including management fees, declined to $11.2 million from $12.4 million in the previous year. Cash and cash equivalents soared to $121 million from $8.6 million, boosted by the receipt of ~$143.5 million in net proceeds from the issuance of common stock in two separate public offerings.
Going forward, the company plans to complete metallurgical study test work and finalization of the process flow sheet at the El Quevar project during the second quarter of 2011. Furthermore, the company expects to continue drilling of priority targets identified during the expanded drilling program.
All the three analysts covering the stock recommend buying it and foresee the stock gaining around 262% over the next 12 months with a consensus target price of $79.55. Dahlman Rose & Co reiterated its buy rating on the stock recently with a price target of $117.4. Moreover, the stock has already gained 178.5% during the past one year.
AUMN Nice Press!
9 Diversified Stocks With 100% Buy Ratings
By Karvy Global 04/14/11 - 11:56 AM EDT
http://www.thestreet.com/story/11082603/9/9-diversified-stocks-with-100-buy-ratings.html
1. Golden Minerals(AUMN_) is a mineral exploration and mining services company with a portfolio of precious metals and other mineral exploration properties located in or near the traditional precious metals producing regions of Mexico and South America. The company remains focused on the advancement of the 100% controlled El Quevar silver project in northwestern Argentina.
Net loss reported for 2010 was $33.3 million compared to $20.1 million in 2009, following a 56.7% increase in total costs and expenses. However, on a per share basis, net loss narrowed to $3.72 per share from $6.78 per share in 2009. Total revenue, including management fees, declined to $11.2 million from $12.4 million in the previous year. Cash and cash equivalents soared to $121 million from $8.6 million, boosted by the receipt of ~$143.5 million in net proceeds from the issuance of common stock in two separate public offerings.
Going forward, the company plans to complete metallurgical study test work and finalization of the process flow sheet at the El Quevar project during the second quarter of 2011. Furthermore, the company expects to continue drilling of priority targets identified during the expanded drilling program.
All the three analysts covering the stock recommend buying it and foresee the stock gaining around 262% over the next 12 months with a consensus target price of $79.55. Dahlman Rose & Co reiterated its buy rating on the stock recently with a price target of $117.4. Moreover, the stock has already gained 178.5% during the past one year.
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