HC Wainwright restated their buy rating on shares of Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) in a report published on Thursday morning. HC Wainwright currently has a $4.00 price target on the basic materials company’s stock.

“We attribute the higher margins to increased operational efficiencies achieved at both the Avino Mine and the San Gonzalo Mine. That said, cash cost and AISC per SEO were $8.90/oz and $10.42/oz, respectively. This is a decrease over 2Q16 by 7% and 5%, respectively. Net income increased to $1.2 million or $0.02 per share, compared to a net loss of $0.3 million or $0.01 per share in 2Q16.”,” the firm’s analyst commented.

A number of other brokerages have also weighed in on ASM. Zacks Investment Research raised Avino Silver and Gold Mines from a hold rating to a buy rating and set a $2.00 target price on the stock in a research report on Wednesday, April 12th. Roth Capital set a $5.00 target price on Avino Silver and Gold Mines and gave the stock a buy rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Avino Silver and Gold Mines presently has a consensus rating of Buy and an average target price of $3.75.

Avino Silver and Gold Mines (NYSEMKT:ASM) opened at 1.68 on Thursday. Avino Silver and Gold Mines has a 52 week low of $1.12 and a 52 week high of $2.87. The company has a market capitalization of $88.10 million, a PE ratio of 37.33 and a beta of 1.24. The stock’s 50 day moving average is $1.58 and its 200 day moving average is $1.66.

ILLEGAL ACTIVITY WARNING: “Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) Earns “Buy” Rating from HC Wainwright” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/06/avino-silver-and-gold-mines-ltd-nysemktasm-earns-buy-rating-from-hc-wainwright.html.

Large investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. bought a new stake in Avino Silver and Gold Mines during the first quarter worth approximately $2,358,000. Bard Associates Inc. raised its stake in Avino Silver and Gold Mines by 1.0% in the first quarter. Bard Associates Inc. now owns 784,250 shares of the basic materials company’s stock worth $1,365,000 after buying an additional 7,550 shares during the last quarter. Finally, Sprott Inc. raised its stake in Avino Silver and Gold Mines by 4.4% in the first quarter. Sprott Inc. now owns 731,012 shares of the basic materials company’s stock worth $1,272,000 after buying an additional 31,112 shares during the last quarter.

About Avino Silver and Gold Mines

Avino Silver and Gold Mines Ltd is a Canada-based resource company. It is focused on silver, gold, and copper exploration, extraction and processing. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.

Receive News & Stock Ratings for Avino Silver and Gold Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avino Silver and Gold Mines Ltd and related stocks with our FREE daily email newsletter.