HC Wainwright Has Bearish Forecast for ASM FY2025 Earnings

Key Points

• HC Wainwright has reduced its FY2025 earnings per share estimate for Avino Silver & Gold Mines from $0.23 to $0.19, maintaining a "Buy" rating with a price target of $4.80.
• The consensus estimate for the company's full-year earnings is currently at $0.04 per share, indicating a significant deviation from Wainwright's forecast.
• Recent institutional investments show growing interest, with several firms, including NewEdge Advisors LLC and Rathbones Group PLC, making substantial stakes in the company.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) - Stock analysts at HC Wainwright decreased their FY2025 earnings per share estimates for shares of Avino Silver & Gold Mines in a note issued to investors on Thursday, August 14th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.19 for the year, down from their prior estimate of $0.23. HC Wainwright currently has a "Buy" rating and a $4.80 price target on the stock. The consensus estimate for Avino Silver & Gold Mines' current full-year earnings is $0.04 per share.

A number of other equities analysts have also recently weighed in on ASM. Wall Street Zen cut Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Roth Capital raised their price objective on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Avino Silver & Gold Mines presently has an average rating of "Moderate Buy" and an average price target of $3.10.

Avino Silver & Gold Mines Price Performance

Shares of NYSE ASM traded up $0.13 during trading hours on Monday, reaching $4.04. 5,321,284 shares of the stock traded hands, compared to its average volume of 3,885,034. The company has a market capitalization of $602.70 million, a P/E ratio of 202.10 and a beta of 1.59. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines has a 52-week low of $0.85 and a 52-week high of $4.41. The company's 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $3.09.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at about $15,116,000. Tidal Investments LLC increased its holdings in Avino Silver & Gold Mines by 11.6% during the 2nd quarter. Tidal Investments LLC now owns 3,709,669 shares of the company's stock valued at $13,355,000 after purchasing an additional 385,245 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company's stock valued at $11,069,000 after purchasing an additional 2,691,743 shares during the period. Renaissance Technologies LLC increased its holdings in Avino Silver & Gold Mines by 382.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company's stock valued at $1,652,000 after purchasing an additional 1,485,910 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in Avino Silver & Gold Mines during the 2nd quarter valued at about $6,194,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.