Avino Silver & Gold Mines Ltd (AMEX: ASM) Could Soon Experience A Sharp Increase In Its Share Price.

In the last trading session, 1.17 million shares of the Avino Silver & Gold Mines Ltd (AMEX:ASM) were traded, and its beta was 1.97. Most recently the company’s share price was $1.16, and it changed around $0.01 or 0.87% from the last close, which brings the market valuation of the company to $220.77M. ASM currently trades at a discount to its 52-week high of $1.56, offering almost -34.48% off that amount. The share price’s 52-week low was $0.44, which indicates that the current value has risen by an impressive 62.07% since then. We note from Avino Silver & Gold Mines Ltd’s average daily trading volume that its 10-day average is 3.65 million shares, with the 3-month average coming to 1.70 million.

Avino Silver & Gold Mines Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended ASM as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Avino Silver & Gold Mines Ltd is expected to report earnings per share of 0.02 for the current quarter.

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

Instantly ASM has showed a green trend with a performance of 0.87% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.2050 on recent trading dayincreased the stock’s daily price by 3.73%. The company’s shares are currently up 121.37% year-to-date, but still up 7.41% over the last five days. On the other hand, Avino Silver & Gold Mines Ltd (AMEX:ASM) is -20.00% down in the 30-day period. We can see from the shorts that 0.25 million shares have been sold at a short interest cover period of 0.14 day(s).

The consensus price target as assigned by Wall Street analysts is $1.55, which translates to bulls needing to increase their stock price by 25.16% from its current value. Analyst projections state that ASM is forecast to be at a low of $1.5 and a high of $1.6.

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

Avino Silver & Gold Mines Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.43 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 34.70%. The year-over-year growth rate is expected to be 48.92%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 24.05M in revenue for the current quarter. 1 analysts expect Avino Silver & Gold Mines Ltd to make 24.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 16.99M and 17.01M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 41.57%. Forecasts for the next quarter put sales growth at 46.22%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -30.92%.

ASM Dividends

Avino Silver & Gold Mines Ltd’s next quarterly earnings report is expected to be released in December.

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

Upon looking at major shareholders, it appears that insiders hold 1.94% of Avino Silver & Gold Mines Ltd shares, and 7.41% of them are in the hands of institutional investors. The stock currently has a share float of 7.56%. Avino Silver & Gold Mines Ltd stock is held by 44.0 institutions, with TOROSO INVESTMENTS, LLC being the largest institutional investor. By 2024-06-30, it held 2.5862% of the shares, which is about 3.36 million shares worth $3.03 million.

PERRITT CAPITAL MANAGEMENT INC, with 0.6153% or 0.8 million shares worth $0.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.