HC Wainwright Raises Avino Silver & Gold Mines (NYSE:ASM) Price Target to $1.80

Avino Silver & Gold Mines (NYSE:ASM) had its target price increased by HC Wainwright from $1.50 to $1.80 in a report issued on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

ASM has been the topic of a number of other research reports. Roth Mkm reiterated a “buy” rating and set a $1.60 price target (up previously from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th. Alliance Global Partners boosted their target price on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a research note on Friday, October 18th.

Avino Silver & Gold Mines Stock Performance

Shares of ASM opened at $1.10 on Thursday. The stock has a market capitalization of $154.51 million, a P/E ratio of 55.03 and a beta of 1.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30. The firm’s 50 day moving average is $1.29 and its 200-day moving average is $1.12. Avino Silver & Gold Mines has a 12-month low of $0.44 and a 12-month high of $1.56.

Avino Silver & Gold Mines (NYSE:ASM) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Avino Silver & Gold Mines had a return on equity of 12.29% and a net margin of 6.57%. The firm had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $13.50 million. Equities research analysts anticipate that Avino Silver & Gold Mines will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several large investors have recently bought and sold shares of ASM. Rathbones Group PLC acquired a new stake in Avino Silver & Gold Mines in the 2nd quarter worth $135,000. Marshall Wace LLP bought a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $165,000. Finally, Tidal Investments LLC bought a new stake in shares of Avino Silver & Gold Mines in the first quarter valued at about $1,906,000. 3.11% of the stock is currently owned by institutional investors and hedge funds.

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.