Roth Capital upgraded shares of Avino Silver & Gold Mines (TSE:ASM – Free Report) from a hold rating to a strong-buy rating in a research note published on Friday,Zacks reports.
Separately, National Bank Financial raised Avino Silver & Gold Mines to a “strong-buy” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.
Avino Silver & Gold Mines Stock Performance
ASM stock traded up C$0.20 on Friday, hitting C$7.55. The company had a trading volume of 1,336,820 shares, compared to its average volume of 911,878. The company has a current ratio of 5.85, a quick ratio of 1.29 and a debt-to-equity ratio of 3.04. Avino Silver & Gold Mines has a 12-month low of C$5.67 and a 12-month high of C$16.11. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 29.04 and a beta of 3.22. The stock’s 50-day simple moving average is C$9.10 and its 200 day simple moving average is C$9.06.
Avino Silver & Gold Mines (TSE:ASM – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.09 earnings per share for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. The business had revenue of C$38.06 million during the quarter. As a group, equities research analysts expect that Avino Silver & Gold Mines will post 0.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Avino Silver & Gold Mines
An institutional investor recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC purchased a new position in Avino Silver & Gold Mines Ltd. (TSE:ASM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,050 shares of the company’s stock, valued at approximately $76,000. 21.69% of the stock is owned by institutional investors and hedge funds.
Avino Silver & Gold Mines Company Profile
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed.
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