Avino Silver & Gold Mines (NYSE:ASM) Price Target Raised to $2.20

Avino Silver & Gold Mines (NYSE:ASM) had its price target raised by research analysts at Alliance Global Partners from $1.70 to $2.20 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Alliance Global Partners’ target price would indicate a potential upside of 60.58% from the company’s previous close.

ASM has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $1.50 price target on shares of Avino Silver & Gold Mines in a report on Friday. Roth Mkm restated a “buy” rating and set a $1.60 price target (up previously from $1.25) on shares of Avino Silver & Gold Mines in a research report on Wednesday, July 17th.

Avino Silver & Gold Mines Trading Up 10.5 %

Avino Silver & Gold Mines stock traded up $0.13 during trading hours on Friday, hitting $1.37. The stock had a trading volume of 2,433,953 shares, compared to its average volume of 959,306. The business’s 50 day simple moving average is $1.14 and its 200-day simple moving average is $1.04. The stock has a market cap of $184.62 million, a price-to-earnings ratio of 15.25 and a beta of 2.00. Avino Silver & Gold Mines has a one year low of $0.40 and a one year high of $1.38. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.02.

Avino Silver & Gold Mines (NYSE:ASM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Avino Silver & Gold Mines had a return on equity of 9.26% and a net margin of 3.07%. The company had revenue of $14.79 million for the quarter, compared to the consensus estimate of $13.50 million. On average, equities analysts predict that Avino Silver & Gold Mines will post 0.04 EPS for the current fiscal year.

Institutional Trading of Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in Avino Silver & Gold Mines during the 1st quarter valued at approximately $1,906,000. Rathbones Group PLC bought a new position in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $135,000. Finally, Marshall Wace LLP bought a new stake in shares of Avino Silver & Gold Mines during the second quarter worth $165,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

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.