HC Wainwright Reiterates “Buy” Rating for Avino Silver & Gold Mines (NYSE:ASM)

Avino Silver & Gold Mines (NYSE:ASM)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a report released on Friday, MarketBeat Ratings reports. They currently have a $1.50 price objective on the stock. HC Wainwright’s target price points to a potential upside of 10.29% from the company’s current price.

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

Avino Silver & Gold Mines Price Performance

Shares of ASM opened at $1.36 on Friday. The stock has a 50 day simple moving average of $1.15 and a 200 day simple moving average of $1.05. Avino Silver & Gold Mines has a 52-week low of $0.40 and a 52-week high of $1.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 2.11. The firm has a market capitalization of $183.27 million, a PE ratio of 15.50 and a beta of 2.00.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ASM. Tidal Investments LLC bought a new stake in Avino Silver & Gold Mines during the 1st quarter worth about $1,906,000. Marshall Wace LLP acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $165,000. Finally, Rathbones Group PLC acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $135,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

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.