Avino Silver & Gold Mines Ltd. to Post FY2024 Earnings of $0.04 Per Share, Roth Capital Forecasts (NYSE:ASM)

Avino Silver & Gold Mines Ltd. (NYSE:ASM) – Stock analysts at Roth Capital reduced their FY2024 earnings per share estimates for shares of Avino Silver & Gold Mines in a report issued on Thursday, August 15th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of $0.04 for the year, down from their prior estimate of $0.05. The consensus estimate for Avino Silver & Gold Mines’ current full-year earnings is $0.05 per share.

Avino Silver & Gold Mines (NYSE:ASM) last released its earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $13.50 million. Avino Silver & Gold Mines had a return on equity of 5.39% and a net margin of 3.21%.

Other analysts have also issued research reports about the company. Roth Mkm reiterated a “buy” rating and issued a $1.60 price target (up previously from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th. HC Wainwright reiterated a “buy” rating and set a $1.50 price objective on shares of Avino Silver & Gold Mines in a research note on Thursday, August 15th. Finally, StockNews.com raised shares of Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research note on Friday, May 10th.

Avino Silver & Gold Mines Trading Down 2.9 %

Shares of ASM opened at $1.02 on Monday. The firm has a market capitalization of $137.45 million, a price-to-earnings ratio of 11.84 and a beta of 2.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.11. Avino Silver & Gold Mines has a 1-year low of $0.40 and a 1-year high of $1.13. The company has a 50-day moving average of $0.97 and a 200 day moving average of $0.98.

Institutional Trading of Avino Silver & Gold Mines

Hedge funds have recently modified their holdings of the company. Rathbones Group PLC purchased a new position in shares of Avino Silver & Gold Mines in the 2nd quarter worth approximately $135,000. Marshall Wace LLP purchased a new position in Avino Silver & Gold Mines in the second quarter worth $165,000. Perritt Capital Management Inc. increased its position in shares of Avino Silver & Gold Mines by 300.0% during the fourth quarter. Perritt Capital Management Inc. now owns 800,000 shares of the company’s stock worth $419,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Avino Silver & Gold Mines during the 1st quarter valued at $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.