Alliance Global Partners Increases Avino Silver & Gold Mines (NYSE:ASM) Price Target to $2.20

Avino Silver & Gold Mines (NYSE:ASM) had its target price boosted by Alliance Global Partners from $1.70 to $2.20 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

ASM has been the subject of several other reports. Roth Mkm restated a “buy” rating and issued a $1.60 price objective (up from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th. HC Wainwright reissued a “buy” rating and issued a $1.50 price target on shares of Avino Silver & Gold Mines in a research note on Friday.

Avino Silver & Gold Mines Stock Up 9.7 %

NYSE ASM opened at $1.36 on Friday. Avino Silver & Gold Mines has a 1 year low of $0.40 and a 1 year high of $1.39. The stock has a market capitalization of $183.27 million, a PE ratio of 15.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30. The business’s 50-day moving average is $1.15 and its 200 day moving average is $1.05.

Avino Silver & Gold Mines (NYSE:ASM) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $14.79 million for the quarter, compared to analyst estimates of $13.50 million. Avino Silver & Gold Mines had a return on equity of 9.26% and a net margin of 3.07%. Sell-side analysts forecast that Avino Silver & Gold Mines will post 0.04 earnings per share for the current year.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rathbones Group PLC bought a new stake in Avino Silver & Gold Mines during the second quarter worth about $135,000. Marshall Wace LLP purchased a new position in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $165,000. Finally, Tidal Investments LLC bought a new stake in shares of Avino Silver & Gold Mines in the 1st quarter worth approximately $1,906,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.