HC Wainwright Analysts Decrease Earnings Estimates for ASM

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) - Analysts at HC Wainwright dropped their FY2025 earnings per share (EPS) estimates for shares of Avino Silver & Gold Mines in a research note issued to investors on Thursday, August 14th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.19 per share for the year, down from their previous forecast of $0.23. HC Wainwright has a "Buy" rating and a $4.80 price objective on the stock. The consensus estimate for Avino Silver & Gold Mines' current full-year earnings is $0.04 per share.

ASM has been the topic of several other reports. Roth Capital upped their price objective on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a "neutral" rating in a report on Friday, August 15th. Wall Street Zen cut Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $3.10.

Avino Silver & Gold Mines Price Performance

Shares of ASM traded up $0.1650 during mid-day trading on Monday, hitting $3.9050. 3,047,804 shares of the stock were exchanged, compared to its average volume of 3,870,007. The company has a market cap of $582.56 million, a PE ratio of 195.35 and a beta of 1.59. Avino Silver & Gold Mines has a 52-week low of $0.85 and a 52-week high of $4.41. The firm has a 50-day moving average of $3.63 and a two-hundred day moving average of $3.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in Avino Silver & Gold Mines in the second quarter worth $138,000. Tidal Investments LLC increased its stake in Avino Silver & Gold Mines by 11.6% in the second quarter. Tidal Investments LLC now owns 3,709,669 shares of the company's stock worth $13,355,000 after purchasing an additional 385,245 shares during the period. Man Group plc purchased a new stake in Avino Silver & Gold Mines in the second quarter worth $2,196,000. Bank of America Corp DE increased its stake in Avino Silver & Gold Mines by 610.3% in the second quarter. Bank of America Corp DE now owns 876,330 shares of the company's stock worth $3,155,000 after purchasing an additional 752,949 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Avino Silver & Gold Mines in the second quarter worth $855,000. Hedge funds and other institutional investors own 3.11% of the company's stock.

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.