Avino Silver & Gold Mines’ (ASM) “Buy” Rating Reaffirmed at HC Wainwright

Avino Silver & Gold Mines (NYSEAMERICAN:ASMGet Rating)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued to clients and investors on Monday, TipRanks reports. They presently have a $1.50 price objective on the basic materials company’s stock. HC Wainwright’s price target suggests a potential upside of 53.06% from the company’s current price.

Several other analysts have also recently issued reports on ASM. Zacks Investment Research upgraded Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th. Alliance Global Partners reiterated a “buy” rating and issued a $1.70 target price (up previously from $1.40) on shares of Avino Silver & Gold Mines in a research note on Thursday.

Shares of ASM stock traded up $0.02 on Monday, hitting $0.98. The stock had a trading volume of 600 shares, compared to its average volume of 527,596. Avino Silver & Gold Mines has a one year low of $0.70 and a one year high of $1.44. The company has a market capitalization of $113.92 million, a P/E ratio of -49.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.07 and a quick ratio of 7.80.

Avino Silver & Gold Mines (NYSEAMERICAN:ASMGet Rating) last posted its quarterly earnings results on Wednesday, March 16th. The basic materials company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $9.32 million during the quarter, compared to the consensus estimate of $10.00 million. On average, analysts anticipate that Avino Silver & Gold Mines will post 0.07 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of ASM. Citadel Advisors LLC acquired a new stake in Avino Silver & Gold Mines in the fourth quarter worth about $42,000. Renaissance Technologies LLC raised its position in shares of Avino Silver & Gold Mines by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 200,394 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 30,494 shares during the last quarter. Eidelman Virant Capital acquired a new stake in Avino Silver & Gold Mines in the 4th quarter worth approximately $66,000. Morgan Stanley grew its position in Avino Silver & Gold Mines by 524.9% during the 2nd quarter. Morgan Stanley now owns 95,603 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 80,303 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Avino Silver & Gold Mines by 5,400.0% during the 2nd quarter. Wells Fargo & Company MN now owns 275,000 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 270,000 shares in the last quarter. Hedge funds and other institutional investors own 2.23% of the company’s stock.

About Avino Silver & Gold Mines (Get Rating)

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; Santiago Papasquiaro property comprises four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.

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