Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Avino Silver & Gold Mines (NYSEAMERICAN:ASM) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “

Shares of ASM opened at $0.91 on Wednesday. Avino Silver & Gold Mines has a twelve month low of $0.77 and a twelve month high of $2.82. The company has a market capitalization of $93.04 million, a price-to-earnings ratio of -7.58 and a beta of 1.43.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings results on Tuesday, August 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Avino Silver & Gold Mines had a negative net margin of 103.39% and a negative return on equity of 3.77%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Axiom Investment Management LLC acquired a new position in Avino Silver & Gold Mines during the first quarter worth $42,000. Virtu Financial LLC acquired a new position in shares of Avino Silver & Gold Mines in the second quarter valued at about $45,000. Warberg Asset Management LLC acquired a new position in shares of Avino Silver & Gold Mines in the first quarter valued at about $70,000. Morgan Stanley grew its stake in shares of Avino Silver & Gold Mines by 524.9% in the second quarter. Morgan Stanley now owns 95,603 shares of the basic materials company’s stock valued at $112,000 after acquiring an additional 80,303 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Avino Silver & Gold Mines by 5,400.0% during the second quarter. Wells Fargo & Company MN now owns 275,000 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 270,000 shares during the period. Institutional investors and hedge funds own 1.72% 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 in silver reserves in 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.

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