Andean Precious Metals Reports Steady Q1 Results, Anticipates Stronger Second Half

Andean Precious Metals ( (TSE:APM) ) has shared an update.

Andean Precious Metals reported its first quarter operational results, with production of 21,361 gold equivalent ounces, aligning with expectations despite seasonal impacts. The company anticipates increased production in the second quarter and aims to meet its full-year guidance, with a production profile weighted towards the latter half of the year. Both the Golden Queen and San Bartolomé operations are expected to contribute equally to the total gold equivalent ounce production, maintaining steady performance throughout the year.

Spark’s Take on TSE:APM Stock

According to Spark, TipRanks’ AI Analyst, TSE:APM is a Outperform.

Andean Precious Metals’ overall stock score is driven by strong financial performance and robust earnings call highlights. The company’s valuation is attractive, with a low P/E ratio indicating potential undervaluation. Despite some operational challenges and mixed short-term technical indicators, the positive financial outlook and strategic initiatives contribute to a solid stock score.

To see Spark’s full report on TSE:APM stock, click here.

More about Andean Precious Metals

Andean Precious Metals is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The company owns and operates the San Bartolomé processing facility in Potosí, Bolivia, and the Soledad Mountain mine in Kern County, California. It is well-funded to pursue future growth opportunities and aims to be a multi-asset, mid-tier precious metals producer.

YTD Price Performance: 48.33%

Average Trading Volume: 132,612

Technical Sentiment Signal: Sell

Current Market Cap: C$265.6M

For detailed information about APM stock, go to TipRanks’ Stock Analysis page.