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

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) has been given a $3.00 price target by research analysts at HC Wainwright in a research note issued to investors on Tuesday, October 16th. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective would indicate a potential upside of 383.95% from the company’s previous close.

ASM has been the subject of a number of other reports. Zacks Investment Research upgraded Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Noble Capital Markets downgraded Avino Silver & Gold Mines from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 13th. Finally, Noble Financial set a $2.00 price objective on Avino Silver & Gold Mines and gave the stock a “buy” rating in a research report on Thursday, July 19th.

NYSEAMERICAN:ASM traded down $0.02 during mid-day trading on Tuesday, hitting $0.62. The company had a trading volume of 178,459 shares, compared to its average volume of 190,344. Avino Silver & Gold Mines has a 1 year low of $0.55 and a 1 year high of $1.61.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings data on Wednesday, November 7th. The basic materials company reported ($0.02) earnings per share 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. raised its stake in Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 41.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,595,700 shares of the basic materials company’s stock after buying 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 SEC.

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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