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

HC Wainwright reiterated their buy rating on shares of Avino Silver & Gold Mines (NYSE:ASM - Free Report) in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have a $1.50 target price on the stock.

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

Avino Silver & Gold Mines Trading Up 9.7 %

ASM stock traded up $0.12 during trading on Friday, hitting $1.36. The company had a trading volume of 3,632,500 shares, compared to its average volume of 966,527. Avino Silver & Gold Mines has a 52-week low of $0.40 and a 52-week high of $1.39. The company has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $1.05. The firm has a market capitalization of $183.27 million, a P/E ratio of 15.25 and a beta of 2.00. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.02.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $14.79 million for the quarter, compared to analyst estimates 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 forecast that Avino Silver & Gold Mines will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several institutional investors have recently bought and sold shares of the business. Rathbones Group PLC purchased a new stake in Avino Silver & Gold Mines during the second quarter worth $135,000. Marshall Wace LLP purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth $165,000. Finally, Tidal Investments LLC bought a new stake in Avino Silver & Gold Mines during the first quarter valued at about $1,906,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.