HC Wainwright Increases Avino Silver & Gold Mines (NYSE:ASM) Price Target to $1.80

Avino Silver & Gold Mines (NYSE:ASM) had its target price increased by equities researchers at HC Wainwright from $1.50 to $1.80 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price would suggest a potential upside of 74.76% from the stock’s previous close. HC Wainwright also issued estimates for Avino Silver & Gold Mines’ FY2025 earnings at $0.08 EPS.

ASM has been the subject of several other reports. Roth Mkm reiterated a “buy” rating and issued a $1.60 price objective (up from $1.25) on shares of Avino Silver & Gold Mines in a research report on Wednesday, July 17th. Alliance Global Partners increased their price target on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the stock a “buy” rating in a report on Friday, October 18th.

Avino Silver & Gold Mines Trading Down 7.2 %

Shares of ASM opened at $1.03 on Thursday. Avino Silver & Gold Mines has a 12-month low of $0.44 and a 12-month high of $1.56. The firm has a market capitalization of $144.67 million, a P/E ratio of 51.50 and a beta of 1.97. The firm has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.12. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02.

Avino Silver & Gold Mines (NYSE:ASM) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $13.50 million. Avino Silver & Gold Mines had a net margin of 6.57% and a return on equity of 12.29%. Sell-side analysts forecast that Avino Silver & Gold Mines will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASM. Jane Street Group LLC lifted its position in shares of Avino Silver & Gold Mines by 276.3% during the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after purchasing an additional 28,771 shares in the last quarter. XTX Topco Ltd purchased a new stake in Avino Silver & Gold Mines during the 3rd quarter worth approximately $100,000. Rathbones Group PLC acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter worth approximately $135,000. Marshall Wace LLP purchased a new position in Avino Silver & Gold Mines in the 2nd quarter valued at approximately $165,000. Finally, Tidal Investments LLC acquired a new position in shares of Avino Silver & Gold Mines in the first quarter worth $1,906,000. 3.11% of the stock is currently owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

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.