Avino Silver & Gold Mines (TSE:ASM) Stock Rating Upgraded by Roth Capital

Avino Silver & Gold Mines (TSE:ASM) was upgraded by investment analysts at Roth Capital from a “neutral” rating to a “buy” rating in a report released on Friday, MarketBeat.com reports. The brokerage presently has a C$7.00 target price on the stock. Roth Capital’s price target would indicate a potential downside of 7.28% from the stock’s previous close.

Separately, National Bank Financial raised shares of Avino Silver & Gold Mines to a “strong-buy” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$7.00.

Avino Silver & Gold Mines Price Performance

Shares of ASM opened at C$7.55 on Friday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.29 and a current ratio of 5.85. The stock has a 50 day simple moving average of C$9.10 and a 200 day simple moving average of C$9.07. Avino Silver & Gold Mines has a 52-week low of C$5.67 and a 52-week high of C$16.11. The firm has a market capitalization of C$1.28 billion, a PE ratio of 29.04 and a beta of 3.22.

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. The business had revenue of C$38.06 million during the quarter. Avino Silver & Gold Mines had a return on equity of 18.32% and a net margin of 37.17%. Sell-side analysts predict that Avino Silver & Gold Mines will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Walleye Capital LLC bought a new stake in 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 (SEC). The firm bought 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned approximately 0.08% of Avino Silver & Gold Mines at the end of the most recent quarter. Institutional investors and hedge funds own 21.69% 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.