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

Andean Precious Metals Corp. (TSE:APM)’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) 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.