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The latest update is out from Andean Precious Metals ( (TSE:APM) ).
Andean Precious Metals’ founder, executive chairman and CEO Alberto Morales, through his entity PMB Partners LP, has launched a C$83.1 million bought public secondary offering of 7,915,000 common shares at C$10.50 per share, with National Bank Financial leading a syndicate of underwriters. The company itself will not receive any proceeds, as all funds go to the selling shareholder, but the transaction is designed to increase Andean’s public float, attract more institutional investors and improve trading liquidity, while Morales remains the largest shareholder with just under half of the outstanding shares and both he and the company committing to a 90‑day lock-up on further share sales or issuances.
The most recent analyst rating on (TSE:APM) stock is a Buy with a C$11.50 price target. To see the full list of analyst forecasts on Andean Precious Metals stock, see the TSE:APM Stock Forecast page.
Spark’s Take on TSE:APM Stock
According to Spark, TipRanks’ AI Analyst, TSE:APM is a Outperform.
Andean Precious Metals scores well due to strong financial performance and positive earnings call highlights, including record revenue and operational excellence. Technical indicators show positive momentum, though caution is advised due to overbought signals. The valuation is reasonable, but the lack of a dividend yield is a downside for income investors.
To see Spark’s full report on TSE:APM stock, click here.
More about Andean Precious Metals
Andean Precious Metals Corp. is a precious metals company listed on the Toronto Stock Exchange and OTCQX, focused on the production and development of silver and other precious metals assets. The company targets both Canadian and international capital markets, with a strategy that emphasizes balance sheet strength, disciplined execution and long-term value creation for shareholders.
Average Trading Volume: 433,796
Technical Sentiment Signal: Buy
Current Market Cap: C$1.71B
For an in-depth examination of APM stock, go to TipRanks’ Overview page.