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

Avino Silver & Gold Mines (TSE:ASM) released its quarterly earnings data on Wednesday. The company reported C$0.09 EPS for the quarter, reports. Avino Silver & Gold Mines had a return on equity of 17.62% and a net margin of 33.31%.The business had revenue of C$38.06 million during the quarter.

Avino Silver & Gold Mines Trading Down 3.3%

Shares of ASM stock traded down C$0.34 during mid-day trading on Wednesday, reaching C$9.89. The company’s stock had a trading volume of 661,864 shares, compared to its average volume of 965,450. The company’s 50 day simple moving average is C$8.62 and its 200-day simple moving average is C$9.92. Avino Silver & Gold Mines has a 12-month low of C$5.06 and a 12-month high of C$16.11. The company has a quick ratio of 1.29, a current ratio of 5.78 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of C$1.73 billion, a PE ratio of 44.95 and a beta of 3.12.

Hedge Funds Weigh In On Avino Silver & Gold Mines

An institutional investor recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,050 shares of the company’s stock, valued at approximately $76,000. Hedge funds and other institutional investors own 20.98% 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.