Avino Silver & Gold Mines’ (ASM) “Buy” Rating Reaffirmed at Roth Mkm

Avino Silver & Gold Mines (NYSE:ASM)‘s stock had its “buy” rating reaffirmed by analysts at Roth Mkm in a report issued on Thursday,Benzinga reports. They presently have a $1.80 price target on the stock, down from their previous price target of $1.90. Roth Mkm’s price target suggests a potential upside of 56.54% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Alliance Global Partners upped their target price on shares of 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. HC Wainwright lifted their target price on shares of Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a research note on Thursday.

Avino Silver & Gold Mines Stock Performance

ASM stock traded up $0.05 during trading on Thursday, reaching $1.15. 1,096,211 shares of the stock were exchanged, compared to its average volume of 1,075,808. The stock has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $1.12. 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 company has a market capitalization of $161.51 million, a P/E ratio of 57.52 and a beta of 1.97. Avino Silver & Gold Mines has a twelve month low of $0.44 and a twelve month high of $1.56.

Avino Silver & Gold Mines (NYSE:ASM) last issued its earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $14.79 million during the quarter, compared to analyst estimates of $13.50 million. Avino Silver & Gold Mines had a return on equity of 12.29% and a net margin of 6.57%. As a group, sell-side analysts anticipate that Avino Silver & Gold Mines will post 0.05 earnings per share for the current year.

Institutional Trading of Avino Silver & Gold Mines

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

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.