Avino Silver & Gold Mines (TSE:ASM) Rating Increased to Strong-Buy at Alliance Global Partners

Alliance Global Partners upgraded shares of Avino Silver & Gold Mines (TSE:ASM) to a strong-buy rating in a research note published on Friday morning, Zacks.com reports.

Avino Silver & Gold Mines Stock Up 8.6 %

ASM stock opened at C$2.02 on Friday. Avino Silver & Gold Mines has a twelve month low of C$0.57 and a twelve month high of C$2.07. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 3.20. The stock has a market cap of C$272.90 million, a P/E ratio of 202.00 and a beta of 2.02. The business’s 50-day moving average price is C$1.46 and its 200-day moving average price is C$1.32.

Avino Silver & Gold Mines (TSE:ASM) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. Avino Silver & Gold Mines had a return on equity of 1.51% and a net margin of 3.07%. The company had revenue of C$20.23 million for the quarter, compared to analysts’ expectations of C$18.48 million. On average, equities research analysts forecast that Avino Silver & Gold Mines will post 0.0949153 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Peter Latta sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of C$1.60, for a total value of C$64,000.00. In other Avino Silver & Gold Mines news, Senior Officer Trevitt Jennifer sold 25,000 shares of Avino Silver & Gold Mines stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$1.59, for a total value of C$39,750.00. Also, Senior Officer Peter Latta sold 40,000 shares of Avino Silver & Gold Mines stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of C$1.60, for a total value of C$64,000.00. In the last three months, insiders have sold 101,000 shares of company stock valued at $135,670. Corporate insiders own 1.94% of the company’s stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.