Avino Silver & Gold Mines (TSE:ASM) Upgraded to Strong-Buy at Roth Capital

Key Points

• Roth Capital upgraded Avino Silver & Gold Mines to “strong buy” from “hold,” while National Bank Financial also issued a strong-buy rating. The stock now has a consensus “Strong Buy” rating from two analysts.
• Avino shares rose to C$7.55 in Friday trading, with a market capitalization of approximately C$1.28 billion. The stock remains well below its 52-week high of C$16.11 and has a beta of 3.22, indicating elevated volatility.
• The company reported C$0.09 in quarterly EPS on C$38.06 million in revenue, alongside a 37.17% net margin and 18.32% return on equity. Institutional ownership stands at 21.69%, including a new 142,615-share position acquired by Walleye Capital.

Avino Silver & Gold Mines (TSE:ASM - Get Free Report) was upgraded by equities researchers at Roth Capital from a "hold" rating to a "strong-buy" rating in a note issued to investors on Friday, Zacks reports.

Separately, National Bank Financial raised shares of Avino Silver & Gold Mines to a "strong-buy" rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Avino Silver & Gold Mines Stock Performance

Shares of ASM traded up C$0.20 on Friday, reaching C$7.55. 1,336,820 shares of the company's stock traded hands, compared to its average volume of 911,878. 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 stock has a market cap of C$1.28 billion, a PE ratio of 29.04 and a beta of 3.22. The stock's 50 day simple moving average is C$9.10 and its two-hundred day simple moving average is C$9.06. Avino Silver & Gold Mines has a 52-week low of C$5.67 and a 52-week high of C$16.11.

Avino Silver & Gold Mines (TSE:ASM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.09 EPS for the quarter. Avino Silver & Gold Mines had a return on equity of 18.32% and a net margin of 37.17%. The business had revenue of C$38.06 million for the quarter. On average, analysts forecast that Avino Silver & Gold Mines will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Avino Silver & Gold Mines

An institutional investor recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC purchased a new stake in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period. 21.69% of the stock is owned by hedge funds and other 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.

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