Andean Precious Metals (TSE:APM) Shares Up 2.7% - What's Next?

Key Points

• Andean Precious Metals shares rose 2.7% on Thursday, briefly touching C$6.98 before closing at C$6.54, with trading volume slightly above its daily average.
• Desjardins upgraded the stock to “moderate buy,” and MarketBeat says the overall analyst rating remains a Buy.
• The company reported Q1 earnings of C$0.37 per share on revenue of C$179 million, and it currently has a market cap of about C$979.9 million.

Andean Precious Metals Corp. (TSE:APM - Get Free Report) shares shot up 2.7% during trading on Thursday . The stock traded as high as C$6.98 and last traded at C$6.54. 597,530 shares changed hands during trading, an increase of 1% from the average session volume of 590,965 shares. The stock had previously closed at C$6.37.

Analyst Ratings Changes

Separately, Desjardins raised Andean Precious Metals to a "moderate buy" rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Andean Precious Metals presently has an average rating of "Buy".

Andean Precious Metals Stock Up 2.7%

The firm has a market cap of C$979.93 million, a price-to-earnings ratio of 8.38 and a beta of 2.71. The stock has a fifty day moving average price of C$7.45 and a 200-day moving average price of C$8.32.

Andean Precious Metals (TSE:APM - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.