Avino Silver & Gold Mines (TSE:ASM) Upgraded to “Strong-Buy” at Roth Capital

Avino Silver & Gold Mines (TSE:ASM) was upgraded by investment analysts at Roth Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday, Zacks reports.

Separately, National Bank Financial raised shares of Avino Silver & Gold Mines to a “strong-buy” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Avino Silver & Gold Mines Stock Performance

TSE:ASM traded up C$0.20 on Friday, reaching C$7.55. 1,336,820 shares of the company’s stock were exchanged, compared to its average volume of 911,878. The company has a debt-to-equity ratio of 3.04, a current ratio of 5.85 and a quick ratio of 1.29. The firm has a market cap of C$1.28 billion, a price-to-earnings ratio of 29.04 and a beta of 3.22. Avino Silver & Gold Mines has a 52 week low of C$5.67 and a 52 week high of C$16.11. The stock has a fifty day simple moving average of C$9.10 and a 200-day simple moving average of C$9.06.

Avino Silver & Gold Mines (TSE:ASM) last posted its quarterly 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 for the quarter. As a group, sell-side analysts predict that Avino Silver & Gold Mines will post 0.09 earnings per share for the current year.

Institutional Trading of Avino Silver & Gold Mines

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,050 shares of the company’s stock, valued at approximately $76,000. 21.69% of the stock is currently owned by institutional investors.

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.