Alliance Global Partners lowered the firm’s price target on Golden Minerals to 80c from $1.10 and keeps a Buy rating on the shares. The company reported 2022 results that were slightly below estimates, primarily due to lower than anticipated grades at the Rodeo Gold mine in Q4, the analyst tells investors in a research note. The firm expects management to shift focus toward a potential Velardena Mine restart and the continued advancement of the Yoquivo property.
Published first on TheFly
