Andean Precious Metals (TSE:APM) Stock Price Down 7.1% – Here’s What Happened

Andean Precious Metals Corp. (TSE:APM) shares traded down 7.1% during mid-day trading on Friday . The stock traded as low as C$7.67 and last traded at C$7.80. 637,025 shares changed hands during trading, a decline of 8% from the average session volume of 695,013 shares. The stock had previously closed at C$8.40.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded shares of Andean Precious Metals to a “moderate buy” rating in a research note on Tuesday, January 27th. One investment 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 Price Performance

The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 15.29 and a beta of 2.30. The business has a fifty day moving average price of C$9.63 and a two-hundred day moving average price of C$8.43.

About Andean Precious Metals

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.