Avino Silver & Gold Mines (NYSE:ASM) PT Raised to $2.20 at Alliance Global Partners

Avino Silver & Gold Mines (NYSE:ASM) had its price objective lifted by Alliance Global Partners from $1.70 to $2.20 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also commented on ASM. HC Wainwright reaffirmed a “buy” rating and issued a $1.50 price objective on shares of Avino Silver & Gold Mines in a report on Friday. Roth Mkm reaffirmed a “buy” rating and set a $1.60 price target (up from $1.25) on shares of Avino Silver & Gold Mines in a research note on Wednesday, July 17th.

Avino Silver & Gold Mines Stock Performance

ASM stock traded up $0.13 during midday trading on Friday, reaching $1.37. 2,433,953 shares of the company’s stock traded hands, compared to its average volume of 959,306. The company has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 2.11. The firm has a market capitalization of $184.62 million, a PE ratio of 15.25 and a beta of 2.00. Avino Silver & Gold Mines has a 52 week low of $0.40 and a 52 week high of $1.38.

Avino Silver & Gold Mines (NYSE:ASM) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, topping 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 business had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $13.50 million. As a group, equities analysts anticipate that Avino Silver & Gold Mines will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Avino Silver & Gold Mines

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

About Avino Silver & Gold Mines

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.