Avino Silver & Gold Mines (NYSE:ASM) PT Raised to $2.20

Avino Silver & Gold Mines (NYSE:ASM) had its target price raised by Alliance Global Partners from $1.70 to $2.20 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on ASM. HC Wainwright reaffirmed a “buy” rating and issued a $1.50 price target on shares of Avino Silver & Gold Mines in a report on Friday. Roth Mkm restated a “buy” rating and issued a $1.60 price objective (up from $1.25) on shares of Avino Silver & Gold Mines in a research report on Wednesday, July 17th.

Avino Silver & Gold Mines Price Performance

Shares of NYSE ASM opened at $1.45 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 2.11. Avino Silver & Gold Mines has a one year low of $0.40 and a one year high of $1.49. The firm has a market capitalization of $195.40 million, a P/E ratio of 15.50 and a beta of 2.00. The company’s fifty day moving average is $1.17 and its two-hundred day moving average is $1.05.

Avino Silver & Gold Mines (NYSE:ASM) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, topping 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 the consensus estimate of $13.50 million. Analysts forecast that Avino Silver & Gold Mines will post 0.04 EPS for the current fiscal year.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in shares of Avino Silver & Gold Mines during the first quarter valued at about $1,906,000. Marshall Wace LLP acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at approximately $165,000. Finally, Rathbones Group PLC purchased a new stake in Avino Silver & Gold Mines during the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

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.