Avino Silver & Gold Mines (TSE:ASM) Announces Quarterly Earnings Results

Avino Silver & Gold Mines (TSE:ASM) released its quarterly earnings results on Wednesday. The company reported C$0.11 earnings per share (EPS) for the quarter, FiscalAI reports. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. The business had revenue of C$47.53 million for the quarter.

Avino Silver & Gold Mines Price Performance

ASM opened at C$6.42 on Friday. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 24.69 and a beta of 3.01. 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 company’s 50 day simple moving average is C$8.12 and its 200-day simple moving average is C$9.47. Avino Silver & Gold Mines has a one year low of C$5.67 and a one year high of C$16.11.

Institutional Trading of Avino Silver & Gold Mines

An institutional investor recently bought a new stake in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,050 shares of the company’s stock, valued at approximately $76,000. Institutional investors and hedge funds own 21.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ASM shares. Roth Capital raised Avino Silver & Gold Mines from a “neutral” rating to a “buy” rating and set a C$7.00 price target on the stock in a research report on Friday, October 16th. National Bank Financial raised shares of Avino Silver & Gold Mines to a “strong-buy” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$7.00.

Avino Silver & Gold Mines Company Profile

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.