HC Wainwright Research Analysts Cut Earnings Estimates for Avino Silver & Gold Mines Ltd. (NYSE:ASM)

Avino Silver & Gold Mines Ltd. (NYSE:ASM) – Investment analysts at HC Wainwright reduced their FY2024 earnings estimates for shares of Avino Silver & Gold Mines in a note issued to investors on Thursday, August 15th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.04 per share for the year, down from their prior forecast of $0.05. HC Wainwright currently has a “Buy” rating and a $1.50 price target on the stock. The consensus estimate for Avino Silver & Gold Mines’ current full-year earnings is $0.05 per share.

Other research analysts have also recently issued research reports about the company. StockNews.com raised Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Roth Mkm reiterated a “buy” rating and issued a $1.60 target price (up previously from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th.

Avino Silver & Gold Mines Stock Up 0.2 %

ASM traded up $0.00 during midday trading on Friday, reaching $0.95. 52,003 shares of the company were exchanged, compared to its average volume of 897,616. The company has a market cap of $127.88 million, a price-to-earnings ratio of 17.85 and a beta of 2.01. Avino Silver & Gold Mines has a one year low of $0.40 and a one year high of $1.13. The company’s fifty day moving average price is $0.98 and its 200 day moving average price is $0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.77.

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC bought a new position in Avino Silver & Gold Mines in the 2nd quarter valued at $135,000. Marshall Wace LLP bought a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth $165,000. Perritt Capital Management Inc. boosted its holdings in shares of Avino Silver & Gold Mines by 300.0% in the 4th quarter. Perritt Capital Management Inc. now owns 800,000 shares of the company’s stock worth $419,000 after buying an additional 600,000 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Avino Silver & Gold Mines during the first quarter valued at about $1,906,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.