Avino Silver & Gold Mines (NYSE:ASM) Announces Quarterly Earnings Results

Avino Silver & Gold Mines (NYSE:ASM) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, reports. The company had revenue of $12.39 million during the quarter, compared to analysts’ expectations of $10.70 million. Avino Silver & Gold Mines had a return on equity of 4.53% and a net margin of 1.23%.

Avino Silver & Gold Mines Price Performance

ASM stock traded down $0.03 during midday trading on Friday, reaching $0.81. 1,013,257 shares of the company’s stock traded hands, compared to its average volume of 737,466. The company has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $0.61. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. Avino Silver & Gold Mines has a 1-year low of $0.40 and a 1-year high of $0.88. The company has a market cap of $106.77 million, a price-to-earnings ratio of 18.50 and a beta of 2.02.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASM. HC Wainwright cut their price objective on Avino Silver & Gold Mines from $1.60 to $1.50 and set a “buy” rating on the stock in a research note on Thursday. Roth Mkm reiterated a “buy” rating and set a $1.10 price target on shares of Avino Silver & Gold Mines in a research note on Tuesday, April 23rd. Finally, StockNews.com began coverage on shares of Avino Silver & Gold Mines in a research report on Friday, March 8th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Avino Silver & Gold Mines stock. Perritt Capital Management Inc. boosted its holdings in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 300.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 800,000 shares of the company’s stock after acquiring an additional 600,000 shares during the period. Perritt Capital Management Inc. owned 0.62% of Avino Silver & Gold Mines worth $419,000 as of its most recent filing with the SEC. Hedge funds and other 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.