Avino Silver & Gold Mines (NYSE:ASM) Price Target Raised to $2.20 at Alliance Global Partners

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

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

Avino Silver & Gold Mines Stock Up 6.6 %

ASM opened at $1.45 on Friday. The stock’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.05. Avino Silver & Gold Mines has a 1-year low of $0.40 and a 1-year high of $1.49. The stock has a market cap of $195.40 million, a PE ratio of 15.50 and a beta of 2.00. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02.

Avino Silver & Gold Mines (NYSE:ASM) last posted its earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $13.50 million. Avino Silver & Gold Mines had a net margin of 3.07% and a return on equity of 9.26%. As a group, research analysts expect that Avino Silver & Gold Mines will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Avino Silver & Gold Mines

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

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.