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

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

Avino Silver & Gold Mines Price Performance

TSE:ASM opened at C$6.65 on Thursday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.29 and a current ratio of 5.85. The company has a 50-day moving average of C$8.20 and a 200-day moving average of C$9.49. Avino Silver & Gold Mines has a 52 week low of C$5.67 and a 52 week high of C$16.11. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 25.58 and a beta of 3.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC purchased a new position in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned 0.08% of Avino Silver & Gold Mines as of its most recent SEC filing. Hedge funds and other institutional investors own 21.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ASM. Roth Capital upgraded Avino Silver & Gold Mines from a “neutral” rating to a “buy” rating and set a C$7.00 price objective on the stock in a research report on Friday, October 16th. National Bank Financial upgraded Avino Silver & Gold Mines to a “strong-buy” rating in a research note 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. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target 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.