FY2024 Earnings Forecast for Avino Silver & Gold Mines Ltd. Issued By HC Wainwright (NYSE:ASM)

Avino Silver & Gold Mines Ltd. (NYSE:ASM) – Stock analysts at HC Wainwright raised their FY2024 EPS estimates for shares of Avino Silver & Gold Mines in a research report issued on Thursday, April 18th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.06 for the year, up from their previous estimate of $0.05. HC Wainwright has a “Buy” rating and a $1.60 price objective on the stock. The consensus estimate for Avino Silver & Gold Mines’ current full-year earnings is $0.04 per share. HC Wainwright also issued estimates for Avino Silver & Gold Mines’ FY2025 earnings at $0.07 EPS.

Separately, StockNews.com began coverage on shares of Avino Silver & Gold Mines in a research note on Friday, March 8th. They issued a “sell” rating for the company.

Avino Silver & Gold Mines Stock Performance

NYSE:ASM opened at $0.75 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.07 and a current ratio of 1.70. The stock has a market cap of $96.90 million, a price-to-earnings ratio of 18.64 and a beta of 2.08. Avino Silver & Gold Mines has a 52 week low of $0.40 and a 52 week high of $0.94. The company has a 50-day moving average price of $0.70.

Avino Silver & Gold Mines (NYSE:ASM) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.02 EPS for the quarter. The firm had revenue of $12.53 million during the quarter, compared to analyst estimates of $9.50 million. Avino Silver & Gold Mines had a net margin of 1.23% and a return on equity of 4.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ASM. Renaissance Technologies LLC grew its position in shares of Avino Silver & Gold Mines by 104.4% during the 1st quarter. Renaissance Technologies LLC now owns 409,700 shares of the company’s stock valued at $385,000 after acquiring an additional 209,306 shares during the period. Virtu Financial LLC grew its position in shares of Avino Silver & Gold Mines by 25.9% during the 1st quarter. Virtu Financial LLC now owns 111,626 shares of the company’s stock valued at $105,000 after acquiring an additional 22,934 shares during the period. Millennium Management LLC bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at approximately $37,000. Jane Street Group LLC grew its position in shares of Avino Silver & Gold Mines by 378.3% during the 1st quarter. Jane Street Group LLC now owns 57,470 shares of the company’s stock valued at $51,000 after acquiring an additional 45,454 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of Avino Silver & Gold Mines by 12.4% during the 2nd quarter. Citadel Advisors LLC now owns 147,818 shares of the company’s stock valued at $98,000 after acquiring an additional 16,347 shares during the period. 3.11% of the stock is owned by 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.