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

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

Avino Silver & Gold Mines Stock Performance

TSE:ASM opened at C$7.89 on Thursday. 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 has a market capitalization of C$1.34 billion, a P/E ratio of 30.35 and a beta of 3.22. The firm has a 50-day moving average price of C$9.22 and a two-hundred day moving average price of C$9.08. Avino Silver & Gold Mines has a twelve month low of C$5.67 and a twelve month high of C$16.11.

Avino Silver & Gold Mines (TSE:ASM) last announced 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%. As a group, research analysts expect that Avino Silver & Gold Mines will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Avino Silver & Gold Mines

An institutional investor recently bought a new position in Avino Silver & Gold Mines stock. Walleye Capital LLC bought a new stake in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned about 0.08% of Avino Silver & Gold Mines as of its most recent filing with the SEC. 21.66% of the stock is owned by institutional investors.

About Avino Silver & Gold Mines

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.