Avino Silver & Gold Mines (TSE:ASM) Stock Rating Raised to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Avino Silver & Gold Mines (TSE:ASM) to a strong-buy rating in a research note published on Thursday,Zacks reports.

Avino Silver & Gold Mines Stock Up 1.9%

Shares of ASM stock opened at C$7.89 on Thursday. The firm’s 50-day moving average is C$9.22 and its 200-day moving average is C$9.08. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 30.35 and a beta of 3.22. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.29 and a current ratio of 5.85. Avino Silver & Gold Mines has a 52-week low of C$5.67 and a 52-week high of C$16.11.

Avino Silver & Gold Mines (TSE:ASM) last posted its earnings results on Wednesday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. The company had revenue of C$38.06 million during the quarter. Sell-side analysts predict that Avino Silver & Gold Mines will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A hedge fund recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC bought a new position in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned 0.08% of Avino Silver & Gold Mines at the end of the most recent quarter. Hedge funds and other institutional investors own 21.66% of the company’s stock.

About Avino Silver & Gold Mines

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed.