HC Wainwright Reiterates $3.00 Price Target for Avino Silver & Gold Mines (ASM)

HC Wainwright set a $3.00 target price on Avino Silver & Gold Mines (NYSEAMERICAN:ASM) in a report issued on Thursday. The firm currently has a buy rating on the basic materials company’s stock.

Several other analysts have also recently issued reports on ASM. Noble Financial restated a hold rating on shares of Avino Silver & Gold Mines in a report on Wednesday, October 17th. Noble Capital Markets cut Avino Silver & Gold Mines from an outperform rating to a market perform rating in a report on Thursday, September 13th. Finally, Zacks Investment Research upgraded Avino Silver & Gold Mines from a sell rating to a hold rating in a report on Friday, September 7th.

Shares of ASM traded down $0.02 during trading hours on Thursday, hitting $0.62. 178,459 shares of the stock were exchanged, compared to its average volume of 190,344. Avino Silver & Gold Mines has a 12-month low of $0.55 and a 12-month high of $1.61.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last issued its quarterly earnings results on Wednesday, November 7th. The basic materials company reported ($0.02) EPS for the quarter. The company had revenue of $8.52 million during the quarter, compared to analysts’ expectations of $7.24 million.

A hedge fund recently raised its stake in Avino Silver & Gold Mines stock. Bard Associates Inc. grew its holdings in Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 41.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,595,700 shares of the basic materials company’s stock after purchasing an additional 466,250 shares during the period. Bard Associates Inc. owned approximately 3.02% of Avino Silver & Gold Mines worth $1,979,000 as of its most recent filing with the Securities & Exchange Commission.

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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