Andean Precious Metals (TSE:APM) Shares Down 5% - Here's What Happened

Key Points

• Shares fell ~5% to C$7.18 on Wednesday (intraday low C$7.14) after closing at C$7.56, with volume of 243,599 shares — down about 63% from the average session volume.
• Desjardins upgraded APM to a moderate buy, and MarketBeat data shows the stock's average analyst rating is Buy.
• Andean has a market cap of C$1.08 billion and a P/E of 9.21; it reported quarterly EPS of C$0.37 on C$179 million revenue and is trading below its 50‑day (C$8.12) and 200‑day (C$8.47) moving averages.

Andean Precious Metals Corp. (TSE:APM - Get Free Report)'s stock price traded down 5% during trading on Wednesday . The company traded as low as C$7.14 and last traded at C$7.18. 243,599 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 660,984 shares. The stock had previously closed at C$7.56.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised shares of Andean Precious Metals to a "moderate buy" rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Andean Precious Metals currently has an average rating of "Buy".

Andean Precious Metals Stock Performance

The stock's fifty day moving average is C$8.12 and its 200 day moving average is C$8.47. The stock has a market cap of C$1.08 billion, a P/E ratio of 9.21 and a beta of 2.74.

Andean Precious Metals (TSE:APM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The company reported C$0.37 earnings per share (EPS) for the quarter. The firm had revenue of C$179.00 million during the quarter.

Andean Precious Metals Company Profile

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosí, Bolivia and the Golden Queen mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.

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