Golden Minerals initiated with a Mkt Outperform at Rodman & Renshaw; tgt $13.63

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Golden Minerals initiated with a Mkt Outperform at Rodman & Renshaw; tgt $13.63

posted on Dec 12, 2011 10:14AM

Golden Minerals initiated with a Mkt Outperform at Rodman & Renshaw; tgt $13.63

9:19 AM ET 12/12/11 | Briefing.com

Rodman & Renshaw initiates AUMN with a Mkt Outperform and price target of $13.63 saying they believe the Company could produce 7+ million ounces of silver annually by 2016. Golden Minerals acquired ECU Silver Mining in September 2011, which increased its silver resource 4.6x to 279 million ounces accompanied by 2 million ounces of gold.

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