Avino Silver & Gold Mines’ (ASM) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Avino Silver & Gold Mines (NYSE:ASM) in a report issued on Friday morning, MarketBeat reports. The brokerage currently has a $1.50 price target on the stock.

Separately, Roth Mkm reiterated a “buy” rating and issued a $1.60 price target (up previously from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th.

Avino Silver & Gold Mines Stock Up 6.6 %

Shares of Avino Silver & Gold Mines stock opened at $1.45 on Friday. Avino Silver & Gold Mines has a one year low of $0.40 and a one year high of $1.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30. The stock’s 50-day moving average is $1.17 and its 200 day moving average is $1.05. The firm has a market cap of $195.40 million, a price-to-earnings ratio of 15.50 and a beta of 2.00.

Avino Silver & Gold Mines (NYSE:ASM) last announced its earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Avino Silver & Gold Mines had a return on equity of 9.26% and a net margin of 3.07%. The company had revenue of $14.79 million for the quarter, compared to analyst estimates of $13.50 million. Equities research analysts anticipate that Avino Silver & Gold Mines will post 0.04 EPS for the current year.

Institutional Trading of Avino Silver & Gold Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $165,000. Rathbones Group PLC bought a new position in shares of Avino Silver & Gold Mines in the second quarter worth $135,000. Finally, Tidal Investments LLC bought a new position in shares of Avino Silver & Gold Mines in the first quarter worth $1,906,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.