Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price dropped 4.5% on Wednesday . The stock traded as low as $1.35 and last traded at $1.38. Approximately 1,964,703 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 1,178,883 shares. The stock had previously closed at $1.44.
Wall Street Analyst Weigh In
ASM has been the topic of several recent research reports. Roth Mkm restated 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. Alliance Global Partners increased their target price on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, HC Wainwright reiterated a "buy" rating and set a $1.50 target price on shares of Avino Silver & Gold Mines in a research note on Friday, October 18th.
Read Our Latest Stock Report on Avino Silver & Gold Mines
Avino Silver & Gold Mines Trading Down 5.8 %
The firm has a 50 day simple moving average of $1.27 and a 200 day simple moving average of $1.10. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $176.11 million, a PE ratio of 17.75 and a beta of 2.00.
Avino Silver & Gold Mines (NYSE:ASM - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $14.79 million for the quarter, compared to analysts' expectations of $13.50 million. Avino Silver & Gold Mines had a return on equity of 9.26% and a net margin of 3.07%. Equities analysts expect that Avino Silver & Gold Mines Ltd. will post 0.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Avino Silver & Gold Mines
Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at $165,000. Rathbones Group PLC bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at $135,000. Finally, Tidal Investments LLC bought a new position in shares of Avino Silver & Gold Mines during the 1st quarter valued at $1,906,000. 3.11% of the stock is owned by institutional investors.
Avino Silver & Gold Mines Company Profile
(
Get Free Report)
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.
Further Reading
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