Avino Silver & Gold Mines (ASM) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Avino Silver & Gold Mines (NYSEAMERICAN:ASM) from a sell rating to a hold rating in a research note issued to investors on Friday.
According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “
A number of other research analysts have also commented on ASM. HC Wainwright restated a buy rating on shares of Avino Silver & Gold Mines in a research note on Friday, June 8th. Noble Financial set a $2.00 target price on Avino Silver & Gold Mines and gave the company a buy rating in a research note on Thursday, July 19th. Finally, Noble Capital Markets lowered Avino Silver & Gold Mines from an outperform rating to a market perform rating in a research note on Thursday, September 13th.
Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last issued its earnings results on Wednesday, August 8th. The basic materials company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $9.18 million during the quarter. Avino Silver & Gold Mines had a negative return on equity of 4.34% and a negative net margin of 8.48%.
A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. boosted its stake in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 42.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,450 shares of the basic materials company’s stock after acquiring an additional 337,100 shares during the quarter. Bard Associates Inc. owned 2.14% of Avino Silver & Gold Mines worth $1,564,000 as of its most recent SEC filing.
About Avino Silver & Gold Mines
Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns interest in the Avino property, which contains 42 mineral claims and leases 4 mineral claims covering an area of approximately 1,104 hectares in the state of Durango, Mexico.
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