Andean Precious Metals (APM) AI Stock Analysis

• Market Cap: C$1.46B
• Dividend Yield: N/A
• Average Volume (3M): 359.98K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 3.19
• Revenue Growth: 33.21%
• EPS Growth: 47.22%
• Country: CA
• Employees: 501
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): 0.41
• Shares Outstanding: 148,581,040
• 10 Day Avg. Volume: 395,202
• 30 Day Avg. Volume: 359,976
• PEG Ratio: -0.12
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.46
• P/FCF Ratio: 3.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$11.00
• Price Target Upside: 12.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: C$10.00 ▲(2.04% Upside)

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.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to expand its market presence and enhance product demand, supporting long-term business sustainability.

Operational Excellence

High operational efficiency at San Bartolome demonstrates the company's capability to maintain cost-effective production, boosting profitability and competitive positioning.

Strong Balance Sheet

A robust balance sheet with asset growth and reduced liabilities enhances financial stability, providing flexibility for strategic investments and growth opportunities.

Negative Factors

Production Challenges

Production issues at Golden Queen could impact output and revenue, highlighting operational risks that may affect long-term performance and require strategic adjustments.

Free Cash Flow Decline

A decline in free cash flow growth can limit financial flexibility, affecting the company's ability to invest in growth initiatives and manage unexpected expenses.

Production Guidance

Meeting the lower end of production guidance may signal operational inefficiencies or market challenges, potentially impacting revenue and investor confidence.

Andean Precious Metals Business Overview & Revenue Model

Company Description

Andean Precious Metals (APM) is a mining company focused on the exploration and production of precious metals, primarily silver, from its operations in South America. The company is dedicated to sustainable mining practices and aims to maximize resource extraction while minimizing environmental impact. APM's core products include high-grade silver and gold, which are vital to various industries, including electronics, jewelry, and investment sectors.

How the Company Makes Money

Andean Precious Metals generates revenue primarily through the sale of precious metals, particularly silver and gold, extracted from its mining operations. The company employs a revenue model that includes direct sales of metals to wholesalers and traders in the precious metals market. Key revenue streams are derived from the production of high-grade ore, which commands a premium price due to its quality. Additionally, APM may engage in strategic partnerships with other mining firms and financial institutions to enhance its operational efficiency and access broader markets. Factors contributing to its earnings include fluctuating market prices for silver and gold, the efficiency of its mining operations, and cost management strategies that optimize production expenses.

Andean Precious Metals Financial Statement Overview

Summary

Andean Precious Metals demonstrates strong financial performance with significant improvements in profitability and a stable balance sheet. The company has shown resilience in revenue growth and operational efficiency. However, attention should be given to cash flow management to ensure sustained financial health.

Income Statement

Andean Precious Metals shows strong revenue growth with a TTM increase of 7.97%. The company has improved its profitability significantly, with a gross profit margin of 41.06% and a net profit margin of 15.15% in the TTM. The EBIT and EBITDA margins are also robust at 25.43% and 32.03%, respectively, indicating efficient operations. However, past volatility in revenue growth and profitability should be monitored.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.29 in the TTM, showing a decrease from previous years. Return on equity is strong at 26.07%, indicating effective use of equity to generate profits. The equity ratio stands at 60.84%, suggesting a solid capital structure. However, the company should continue to manage its debt levels carefully.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 10.32% in the TTM, which is a concern. The operating cash flow to net income ratio is healthy at 0.91, and the free cash flow to net income ratio is 0.60, indicating decent cash generation relative to net income. The company should focus on improving free cash flow growth to enhance financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	298.94M	254.00M	125.32M	108.05M	144.21M	166.27M
Gross Profit	112.98M	68.56M	14.20M	9.70M	38.81M	74.69M
EBITDA	119.43M	54.64M	52.16M	-2.68M	30.72M	50.43M
Net Income	77.47M	19.22M	41.94M	-10.09M	4.27M	58.48M
Balance Sheet
Total Assets	370.82M	315.09M	269.89M	133.86M	140.29M	147.32M
Cash, Cash Equivalents and Short-Term Investments	121.37M	100.98M	70.07M	86.07M	91.45M	52.20M
Total Debt	52.67M	70.32M	47.46M	0.00	0.00	12.72K
Total Liabilities	145.18M	164.06M	134.52M	39.43M	37.73M	52.86M
Stockholders Equity	225.64M	151.04M	135.37M	94.43M	102.56M	94.47M
Cash Flow
Free Cash Flow	40.65M	32.87M	3.34M	-4.80M	29.72M	-32.51K
Operating Cash Flow	65.03M	53.92M	9.46M	-2.66M	33.05M	-32.51K
Investing Cash Flow	-24.96M	-57.39M	-20.48M	-3.61M	-3.85M	0.00
Financing Cash Flow	-27.50M	6.39M	―	702.45K	19.08M	0.00

Andean Precious Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:APM, the sentiment is Positive. The current price of 9.8 is above the 20-day moving average (MA) of 9.28, above the 50-day MA of 7.84, and above the 200-day MA of 4.76, indicating a bullish trend. The MACD of 0.66 indicates Positive momentum. The RSI at 62.52 is Neutral, neither overbought nor oversold. The STOCH value of 50.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:APM.

Andean Precious Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APM	77 Outperform	C$1.46B	13.55	42.17%	―	33.21%	47.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GCU	56 Neutral	C$158.28M	21.81	―	―	128.86%	―
CDPR	28 Underperform	C$297.46M	-24.06	-129.16%	―	-100.00%	-127.82%

Andean Precious Metals Corporate Events

Andean Precious Metals Secures $40 Million Credit Facility to Enhance Financial Flexibility

Andean Precious Metals has secured a new $40 million revolving credit facility from the National Bank of Canada, enhancing its financial flexibility and capital structure. This move allows Andean to streamline its capital structure by retiring existing credit facilities, thereby reducing costs and aligning with its growth plans, which is expected to support its strategic objectives and strengthen its market position.

Andean Precious Metals Achieves Record Financial Results in Q3 2025

Andean Precious Metals reported a strong third quarter in 2025, achieving record revenues, EBITDA, and earnings per share, driven by higher metal prices and effective cost management. The company maintained robust operating margins despite production variances, with Golden Queen and San Bartolome mines performing well. The financial results have strengthened Andean’s balance sheet, providing flexibility for future investments and growth opportunities, while maintaining a strong financial position with significant liquid assets.

Andean Precious Metals Expands Exploration at Golden Queen and San Bartolome

Andean Precious Metals has expanded its 2025 exploration program at the Golden Queen mine in California following positive drilling results, adding 3,800 meters to the plan. The company aims to extend the mine life and enhance resource estimates, with an updated mineral resource and reserve statement expected in 2026. In Bolivia, Andean has secured environmental permits and social licenses for exploration at San Bartolome, with a long-term agreement for the purchase of up to 7 million tonnes of oxide ore. This initiative is designed to extend the mine’s life and maximize throughput without significant capital investment, reinforcing Andean’s growth potential as a precious metals producer.

Andean Precious Metals Sees Q3 Production Rise, Optimizes Operations for Year-End

Andean Precious Metals reported an increase in consolidated gold equivalent production in the third quarter of 2025, driven by a significant rise in silver production at the San Bartolome mine. Despite challenges at the Golden Queen mine affecting gold production, the company optimized its operations and anticipates a strong fourth quarter, supported by record realized prices for gold and silver, which have bolstered its financial standing.