Zacks Investment Research Lowers Avino Silver & Gold Mines (NYSEAMERICAN:ASM) to Strong Sell

Zacks Investment Research cut shares of Avino Silver & Gold Mines (NYSEAMERICAN:ASM) from a hold rating to a strong sell rating in a research report released on Wednesday morning, reports.

According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “

Shares of NYSEAMERICAN:ASM opened at $0.53 on Wednesday. Avino Silver & Gold Mines has a 52 week low of $0.39 and a 52 week high of $1.23.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $6.71 million during the quarter, compared to analysts’ expectations of $8.51 million.

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 gold, silver, and copper deposits. The company owns interests in 42 mineral claims and 4 leased mineral claims comprising Avino mine area property comprising 4 concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and 1 leased exploitation concession covering 98.83 hectares; Gomez Palacio property comprises 9 exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprising 4 exploration concessions covering 2,552.6 hectares and 1 exploitation concession covering 602.9 hectares; and Unification La Platosa properties comprising 3 leased concessions located in the state of Durango, Mexico.

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