Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Avino Silver & Gold Mines (NYSEAMERICAN:ASM) from a hold rating to a strong sell rating in a research note 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. “

NYSEAMERICAN:ASM opened at $0.53 on Wednesday. Avino Silver & Gold Mines has a fifty-two week low of $0.39 and a fifty-two week high of $1.23.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $6.71 million for the quarter, compared to analysts’ expectations of $8.51 million.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company owns interests in 42 mineral claims and 4 leased mineral claims comprising Avino mine area property comprising 4 concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and 1 leased exploitation concession covering 98.83 hectares; Gomez Palacio property comprises 9 exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprising 4 exploration concessions covering 2,552.6 hectares and 1 exploitation concession covering 602.9 hectares; and Unification La Platosa properties comprising 3 leased concessions located in the state of Durango, Mexico.

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