Avino Silver & Gold Mines Ltd. (AMEX: ASM) Could Soar To Much Higher Prices In Coming Months

In the last trading session, 1.19 million Avino Silver & Gold Mines Ltd. (AMEX:ASM) shares changed hands as the company’s beta touched 2.00. With the company’s per share price at $1.02 changed hands at -$0.03 or -2.86% during last session, the market valuation stood at $137.80M. ASM’s last price was a discount, traded about -10.78% off its 52-week high of $1.13. The share price had its 52-week low at $0.40, which suggests the last value was 60.78% up since then. When we look at Avino Silver & Gold Mines Ltd.’s average trading volume, we note the 10-day average is 1.43 million shares, with the 3-month average coming to 1.14 million.

Analysts gave the Avino Silver & Gold Mines Ltd. (ASM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Avino Silver & Gold Mines Ltd.’s EPS for the current quarter is expected to be 0.02.

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Avino Silver & Gold Mines Ltd. (AMEX:ASM) trade information

Instantly ASM was in red as seen at the end of in last trading. With action 10.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 94.66%, with the 5-day performance at 10.87% in the green. However, in the 30-day time frame, Avino Silver & Gold Mines Ltd. (AMEX:ASM) is -2.86% down. Looking at the short shares, we see there were 0.28 million shares sold at short interest cover period of 0.32 days.

The consensus price target for the stock as assigned by Wall Street analysts is 1.6, meaning bulls need an upside of 36.25% from its current market value. According to analyst projections, ASM’s forecast low is 1.6 with 1.6 as the target high. To hit the forecast high, the stock’s price needs a -56.86% plunge from its current level, while the stock would need to soar -56.86% for it to hit the projected low.

Avino Silver & Gold Mines Ltd. (ASM) estimates and forecasts

Data shows that the Avino Silver & Gold Mines Ltd. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 119.35% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 16.40%. Year-over-year growth is forecast to reach 34.20% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 14.57M. 2 analysts are of the opinion that Avino Silver & Gold Mines Ltd.’s revenue for the current quarter will be 15.09M. The company’s revenue for the corresponding quarters a year ago was 12.32M and 12.53M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.30%. The estimates for the next quarter sales put growth at 20.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.92%.

ASM Dividends

Avino Silver & Gold Mines Ltd. is expected to release its next quarterly earnings report on 2024-Nov-06.

Avino Silver & Gold Mines Ltd. (AMEX:ASM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.86% of Avino Silver & Gold Mines Ltd. shares while 7.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.67%. There are 7.53% institutions holding the Avino Silver & Gold Mines Ltd. stock share, with TOROSO INVESTMENTS, LLC the top institutional holder. As of 2024-03-31, the company held 2.3527% of the shares, roughly 3.06 million ASM shares worth $1.91 million.

PERRITT CAPITAL MANAGEMENT INC holds the second largest percentage of outstanding shares, with 0.6153% or 0.8 million shares worth $0.5 million as of 2024-03-31.

Among Mutual Funds, the top two as of Mar 31, 2024 were Amplify ETF Tr-Amplify Junior Silver Miners ETF and Perritt Microcap Opportunities Fund . With 3.06 shares estimated at $3.12 million under it, the former controlled 2.27% of total outstanding shares. On the other hand, Perritt Microcap Opportunities Fund held about 0.52% of the shares, roughly 700.0 shares worth around $0.71 million.