Andean Precious Metals (APM – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst on April 15. Analyst Ben Pirie from Atrium Research maintained a Buy rating on the stock and has a C$3.50 price target.
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Ben Pirie has given his Buy rating due to a combination of factors influencing Andean Precious Metals’ performance. Despite the lower-than-expected production in the first quarter, the company remains confident in meeting its 2025 production guidance, which suggests a strong outlook for the remainder of the year. The production is expected to be more robust in the second half, with 60% of the annual output anticipated during this period, which aligns with the company’s historical performance trends.
Additionally, the stock’s current valuation appears attractive, trading at only 2.6 times the estimated 2025 EBITDA, which is relatively low for a company with a consistent growth record and successful acquisition history. This valuation, combined with the company’s strategic plans and operational resilience, supports the Buy rating. Furthermore, the target price of C$3.50 per share indicates significant upside potential from its current trading levels, reinforcing the positive outlook for investors.
According to TipRanks, Pirie is a 4-star analyst with an average return of 14.3% and a 41.94% success rate.