TSX:AUMN

Stock Analysis Report

Executive Summary

Golden Minerals Company, a precious metals exploration and development company, mines, constructs, and explores for mineral properties containing precious metals.

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Golden Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AUMN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.4%

AUMN

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-12.5%

AUMN

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: AUMN underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: AUMN underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

AUMNIndustryMarket
7 Day1.4%2.4%0.6%
30 Day-7.9%1.2%0.5%
90 Day25.0%6.6%3.6%
1 Year-12.5%-12.5%5.0%4.4%9.1%5.8%
3 Year-60.7%-60.7%-10.4%-11.9%15.4%5.0%
5 Year-46.2%-46.2%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

How volatile is Golden Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Golden Minerals undervalued compared to its fair value and its price relative to the market?

6.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AUMN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AUMN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AUMN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: AUMN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AUMN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AUMN is overvalued based on its PB Ratio (6.3x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Golden Minerals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-13.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AUMN's forecast earnings growth is above the savings rate (1.4%).

Earnings vs Market: Insufficient data to determine if AUMN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AUMN's revenue is expected to decline over the next 3 years (-13% per year).

High Growth Revenue: AUMN's revenue is forecast to decline over the next 3 years (-13% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AUMN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Golden Minerals performed over the past 5 years?

41.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AUMN is currently unprofitable.

Growing Profit Margin: AUMN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AUMN is unprofitable, but has reduced losses over the past 5 years at a rate of 41.3% per year.

Accelerating Growth: Unable to compare AUMN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AUMN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: AUMN has a negative Return on Equity (-175.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Golden Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: AUMN's short term assets ($4.0M) exceed its short term liabilities ($3.6M).

Long Term Liabilities: AUMN's short term assets ($4.0M) exceed its long term liabilities ($3.3M).


Debt to Equity History and Analysis

Debt Level: AUMN is debt free.

Reducing Debt: AUMN had no debt 5 years ago.


Balance Sheet

Inventory Level: AUMN has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AUMN's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AUMN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AUMN has less than a year of cash runway if free cash flow continues to grow at historical rates of 38.5% each year.


Next Steps

Dividend

What is Golden Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AUMN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AUMN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AUMN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AUMN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AUMN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.9yrs

Average board tenure


CEO

Warren Rehn (64yo)

4.4yrs

Tenure

US$626,231

Compensation

Mr. Warren M. Rehn has been the President of Golden Minerals Company since May 21, 2015 and has been its Chief Executive Officer since September 1, 2015. Mr. Rehn served as the Chief Geologist at Golden Mi ...


CEO Compensation Analysis

Compensation vs Market: Warren's total compensation ($USD626.23K) is above average for companies of similar size in the Canadian market ($USD155.16K).

Compensation vs Earnings: Warren's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Warren Rehn
President4.4yrsUS$626.23k0.40% $147.6k
William Eppler
Independent Director10.9yrsUS$73.00k0.087% $31.9k
Kevin Morano
Independent Director10.9yrsUS$71.00k0.0065% $2.4k
Jeffrey Clevenger
Chairman of the Board10.9yrsUS$98.00k0.53% $194.3k
David Watkins
Independent Director10.9yrsUS$73.00k0.0093% $3.4k
Terry Palmer
Independent Director10.9yrsUS$78.00k0.0075% $2.7k
Andrew Pullar
Director6.6yrsUS$42.00kno data

10.9yrs

Average Tenure

65yo

Average Age

Experienced Board: AUMN's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.


Top Shareholders

Company Information

Golden Minerals Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Minerals Company
  • Ticker: AUMN
  • Exchange: TSX
  • Founded: 1996
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: US$27.810m
  • Listing Market Cap: US$36.855m
  • Shares outstanding: 107.33m
  • Website: https://www.goldenminerals.com

Number of Employees


Location

  • Golden Minerals Company
  • 350 Indiana Street
  • Suite 800
  • Golden
  • Colorado
  • 80401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUMNAMEX (NYSE MKT LLC)YesCommon StockUSUSDApr 2009
AUMNTSX (The Toronto Stock Exchange)YesCommon StockCACADApr 2009
7GBDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2009
0IYULSE (London Stock Exchange)YesCommon StockGBUSDApr 2009

Biography

Golden Minerals Company, a precious metals exploration and development company, mines, constructs, and explores for mineral properties containing precious metals. It explores for gold, silver, zinc, lead, and other minerals. The company holds a 100% interest in the El Quevar advanced exploration silver property in the province of Salta, Argentina; a 100% interest in the Velardeña and Chicago precious metals mining properties and associated oxide and sulfide processing plants in the State of Durango, Mexico; and a diversified portfolio of precious metals and other mineral exploration properties located primarily in Mexico. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009 as a result of reorganization. Golden Minerals Company was founded in 1996 and is headquartered in Golden, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:25
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.