Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Posts Earnings Results, Hits Expectations

Avino Silver & Gold Mines (NYSEAMERICAN:ASM – Get Rating) posted its earnings results on Wednesday. The basic materials company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01, Fidelity Earnings reports.

Shares of ASM stock opened at $0.60 on Friday. The company has a quick ratio of 7.80, a current ratio of 9.07 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines has a 12-month low of $0.57 and a 12-month high of $1.41. The company has a market cap of $69.77 million, a PE ratio of -30.00 and a beta of 1.54.

Several equities research analysts have commented on ASM shares. HC Wainwright reiterated a “buy” rating and issued a $1.50 price objective on shares of Avino Silver & Gold Mines in a research note on Monday, April 18th. Zacks Investment Research upgraded shares of Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, Alliance Global Partners reiterated a “buy” rating and issued a $1.70 price objective (up previously from $1.40) on shares of Avino Silver & Gold Mines in a research note on Thursday, April 14th.

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in Avino Silver & Gold Mines in the 4th quarter worth approximately $42,000. Morgan Stanley boosted its holdings in Avino Silver & Gold Mines by 524.9% in the 2nd quarter. Morgan Stanley now owns 95,603 shares of the basic materials company’s stock worth $112,000 after buying an additional 80,303 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 worth $173,000 after buying an additional 30,494 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Avino Silver & Gold Mines by 5,400.0% in the 2nd quarter. Wells Fargo & Company MN now owns 275,000 shares of the basic materials company’s stock worth $322,000 after buying an additional 270,000 shares during the period. 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.

Featured Articles