Weakness Seen in Golden Minerals (AUMN): Stock Tumbles 9.8%

Zacks

Golden Minerals Company (AUMN) saw a big move last session, as the company’s shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for AUMN as the stock is now up over 79% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the mining company has seen 1 negative revision in the past few weeks. Its current year consensus which was a loss has moved wider over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AUMN currently has a Zacks Rank #3 (Hold) while its  Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Hi-Crush Partners LP (HCLP), Cameco Corporation (CCJ) and Dominion Diamond Corporation (DDC). While Hi-Crush Partners holds a Zacks Rank #1 (Strong Buy), Cameco and Dominion Diamond carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>





GOLDEN MINERALS CO (AUMN): Free Stock Analysis Report

HI CRUSH PARTNERS LP (HCLP): Free Stock Analysis Report

CAMECO CORP (CCJ): Free Stock Analysis Report

DOMINION DIAMOND CORP (DDC): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)