Avino Silver & Gold Mines (ASM) Upgraded to “Hold” at Zacks Investment Research

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

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ASM has been the subject of a number of other reports. Noble Financial reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Tuesday, January 16th. HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Avino Silver & Gold Mines in a report on Wednesday, January 17th.

Shares of ASM traded down $0.04 during mid-day trading on Tuesday, reaching $1.37. The company’s stock had a trading volume of 375,668 shares, compared to its average volume of 144,767. Avino Silver & Gold Mines has a 52 week low of $1.14 and a 52 week high of $1.89.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last announced its quarterly earnings data on Monday, April 2nd. The basic materials company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $8.88 million during the quarter. Avino Silver & Gold Mines had a negative net margin of 8.48% and a negative return on equity of 4.34%.

An institutional investor recently bought a new position in Avino Silver & Gold Mines stock. Amundi Pioneer Asset Management Inc. acquired a new position in Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 265,000 shares of the basic materials company’s stock, valued at approximately $355,000. Amundi Pioneer Asset Management Inc. owned approximately 0.50% of Avino Silver & Gold Mines at the end of the most recent quarter.

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Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns 42 mineral claims and leases 4 mineral claims in the state of Durango, Mexico. It also holds 100% interests in the Bralorne mine; and the Minto and Olympic-Kelvin properties located in the Lillooet Mining Division, British Columbia, Canada, as well as in the Eagle property located in the Mayo Mining Division of Yukon, Canada.

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