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

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

Avino Silver & Gold Mines Price Performance

ASM traded up C$0.68 on Wednesday, hitting C$6.65. 1,117,122 shares of the company’s stock traded hands, compared to its average volume of 891,972. The company’s 50 day simple moving average is C$8.28 and its 200-day simple moving average is C$9.50. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 25.58 and a beta of 3.22. Avino Silver & Gold Mines has a one year low of C$5.67 and a one year high of C$16.11. The company has a current ratio of 5.85, a quick ratio of 1.29 and a debt-to-equity ratio of 3.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,050 shares of the company’s stock, valued at approximately $76,000. Institutional investors own 21.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASM shares. Roth Capital raised shares of Avino Silver & Gold Mines from a “neutral” rating to a “buy” rating and set a C$7.00 target price for the company in a report on Friday, October 16th. National Bank Financial raised shares of Avino Silver & Gold Mines to a “strong-buy” rating in a 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 company’s stock. Based on data from MarketBeat, Avino Silver & Gold Mines currently has an average 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.