Avino Silver & Gold Mines (TSE:ASM) Stock Rating Upgraded by National Bank Financial

Avino Silver & Gold Mines (TSE:ASM) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Avino Silver & Gold Mines Trading Up 1.9%

Avino Silver & Gold Mines stock opened at C$7.89 on Thursday. 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 stock has a market capitalization of C$1.34 billion, a PE ratio of 30.35 and a beta of 3.22. The business’s fifty day moving average is C$9.22 and its 200 day moving average is C$9.08. Avino Silver & Gold Mines has a one year low of C$5.67 and a one year high of C$16.11.

Avino Silver & Gold Mines (TSE:ASM) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.09 EPS for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. The firm had revenue of C$38.06 million during the quarter. On average, sell-side analysts predict that Avino Silver & Gold Mines will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Avino Silver & Gold Mines

An institutional investor recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC purchased a new position in Avino Silver & Gold Mines Ltd. (TSE:ASM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned about 0.08% of Avino Silver & Gold Mines at the end of the most recent reporting period. Institutional investors and hedge funds own 21.66% 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.