Avino Silver & Gold Mines (ASM) Rating Increased to Hold at Zacks Investment Research

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Avino Silver & Gold Mines (NYSEAMERICAN:ASM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, September 21st.

According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “

Several other equities analysts have also weighed in on ASM. HC Wainwright restated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, June 8th. Noble Financial set a $2.00 target price on Avino Silver & Gold Mines and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Noble Capital Markets lowered Avino Silver & Gold Mines from an “outperform” rating to a “market perform” rating in a report on Thursday, September 13th.

Shares of NYSEAMERICAN:ASM opened at $0.68 on Friday. Avino Silver & Gold Mines has a 1 year low of $0.56 and a 1 year high of $1.61.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Avino Silver & Gold Mines had a negative return on equity of 4.34% and a negative net margin of 8.48%. The business had revenue of $9.18 million during the quarter.

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. increased its position in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,129,450 shares of the basic materials company’s stock after buying an additional 337,100 shares during the quarter. Bard Associates Inc. owned 2.14% of Avino Silver & Gold Mines worth $1,564,000 at the end of the most recent quarter.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns interest in the Avino property, which contains 42 mineral claims and leases 4 mineral claims covering an area of approximately 1,104 hectares in the state of Durango, Mexico.

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