Noble Financial Lowers Avino Silver & Gold Mines (ASM) to Hold

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) was downgraded by analysts at Noble Financial to a “hold” rating in a research note issued on Thursday, The Fly reports.

Other equities analysts have also recently issued reports about the company. HC Wainwright set a $3.00 target price on Avino Silver & Gold Mines and gave the company a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research cut Avino Silver & Gold Mines from a “hold” rating to a “strong sell” rating in a report on Friday, July 20th.

NYSEAMERICAN ASM opened at $0.90 on Thursday. Avino Silver & Gold Mines has a twelve month low of $0.85 and a twelve month high of $1.72.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last released its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $9.18 million during the quarter. Avino Silver & Gold Mines had a negative return on equity of 4.34% and a negative net margin of 8.48%.

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. grew its stake in Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 41.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,595,700 shares of the basic materials company’s stock after buying an additional 466,250 shares during the quarter. Bard Associates Inc. owned 3.02% of Avino Silver & Gold Mines worth $1,979,000 as of its most recent filing with the SEC.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns interest in the Avino property, which contains 42 mineral claims and leases 4 mineral claims covering an area of approximately 1,104 hectares in the state of Durango, Mexico.

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