Avino Silver & Gold Mines (ASM) Rating Lowered to Hold at Noble Financial

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

Several other research firms have also commented on ASM. Zacks Investment Research raised shares of Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. HC Wainwright set a $3.00 price target on shares of Avino Silver & Gold Mines and gave the company a “buy” rating in a research report on Thursday.

ASM remained flat at $$0.90 during trading on Thursday. 198,305 shares of the company’s stock were exchanged, compared to its average volume of 119,914. 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 earnings results on Wednesday, August 8th. The basic materials company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Avino Silver & Gold Mines had a negative net margin of 8.48% and a negative return on equity of 4.34%. The business had revenue of $9.18 million for the quarter.

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. increased its position in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 42.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,129,450 shares of the basic materials company’s stock after buying an additional 337,100 shares during the quarter. Bard Associates Inc. owned about 2.14% of Avino Silver & Gold Mines worth $1,564,000 at the end of the most recent reporting period.

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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