Golden Minerals price target lowered to $3.10 from $9 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Golden Minerals to $3.10 from $9 and keeps a Buy rating on the shares. he significant target drop is primarily due to a variety of updates to the model based on the company’s most recent financials, including significant dilution following the recent offering, the analyst tells investors in a research note.