Avino Silver & Gold Mines (NYSE:ASM) Releases Earnings Results

Avino Silver & Gold Mines (NYSE:ASM) announced its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, reports. Avino Silver & Gold Mines had a return on equity of 4.53% and a net margin of 1.23%. The firm had revenue of $12.39 million for the quarter, compared to analyst estimates of $10.70 million.

Avino Silver & Gold Mines Price Performance

Shares of NYSE ASM traded down $0.03 during mid-day trading on Friday, reaching $0.81. The company had a trading volume of 1,013,257 shares, compared to its average volume of 737,466. Avino Silver & Gold Mines has a 1-year low of $0.40 and a 1-year high of $0.88. The stock has a market cap of $106.77 million, a PE ratio of 18.50 and a beta of 2.02. The company has a current ratio of 1.70, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $0.75 and a two-hundred day moving average price of $0.61.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Perritt Capital Management Inc. boosted its holdings in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 300.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 800,000 shares of the company’s stock after buying an additional 600,000 shares during the period. Perritt Capital Management Inc. owned approximately 0.62% of Avino Silver & Gold Mines worth $419,000 as of its most recent filing with the Securities and Exchange Commission. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ASM shares. Roth Mkm reaffirmed a “buy” rating and set a $1.10 price target on shares of Avino Silver & Gold Mines in a research note on Tuesday, April 23rd. HC Wainwright decreased their price target on Avino Silver & Gold Mines from $1.60 to $1.50 and set a “buy” rating on the stock in a research note on Thursday. Finally, StockNews.com started coverage on Avino Silver & Gold Mines in a research note on Friday, March 8th. They issued a “sell” rating for the company.

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.