Avino Silver & Gold Mines (NYSE:ASM) Stock Price Expected to Rise, HC Wainwright Analyst Says

Avino Silver & Gold Mines (NYSE:ASM) had its target price increased by stock analysts at HC Wainwright from $1.50 to $1.80 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 63.64% from the company’s current price.

ASM has been the topic of a number of other research reports. Alliance Global Partners upped their price target on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a research report on Friday, October 18th. Roth Mkm reaffirmed a “buy” rating and issued a $1.60 price objective (up from $1.25) on shares of Avino Silver & Gold Mines in a research note on Wednesday, July 17th.

Avino Silver & Gold Mines Price Performance

Shares of NYSE ASM opened at $1.10 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30. Avino Silver & Gold Mines has a fifty-two week low of $0.44 and a fifty-two week high of $1.56. The stock has a market capitalization of $154.51 million, a PE ratio of 55.03 and a beta of 1.97. The business has a fifty day moving average price of $1.29 and a two-hundred day moving average price of $1.12.

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

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors have recently made changes to their positions in the company. Rathbones Group PLC purchased a new stake in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $135,000. Marshall Wace LLP purchased a new position in Avino Silver & Gold Mines in the second quarter valued at about $165,000. Finally, Tidal Investments LLC bought a new position in shares of Avino Silver & Gold Mines during the 1st quarter valued at approximately $1,906,000. Institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.