Avino Silver & Gold Mines (TSE:ASM) Raised to “Strong-Buy” at National Bank Financial

Avino Silver & Gold Mines (TSE:ASM) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Avino Silver & Gold Mines Price Performance

TSE:ASM opened at C$7.89 on Thursday. The firm has a market cap of C$1.34 billion, a price-to-earnings ratio of 30.35 and a beta of 3.22. The company has a current ratio of 5.85, a quick ratio of 1.29 and a debt-to-equity ratio of 3.04. The company’s 50-day moving average is C$9.22 and its two-hundred day moving average is C$9.08. Avino Silver & Gold Mines has a 12-month low of C$5.67 and a 12-month high of C$16.11.

Avino Silver & Gold Mines (TSE:ASM) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$38.06 million for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. Research analysts expect that Avino Silver & Gold Mines will post 0.09 EPS for the current year.

Institutional Trading of Avino Silver & Gold Mines

A hedge fund recently bought a new stake in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC bought a new position in Avino Silver & Gold Mines Ltd. (TSE:ASM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,050 shares of the company’s stock, valued at approximately $76,000. Institutional investors own 21.66% of the company’s stock.

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.