Following The Money: Institution’s Growing Stake In Avino Silver & Gold Mines Ltd. (AMEX: ASM)


    Avino Silver & Gold Mines Ltd. (ASM) concluded trading on 08/26/20 at a closing price of $1.20, with 2.12 million shares of worth about $2.54 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.56% during that period and on Wednesday the price saw a gain of about 9.09%. Currently the company’s common shares owned by public are about 87.21M shares, out of which, 84.23M shares are available for trading.

    Analysts also issued an outlook of 2.00 for the Avino Silver & Gold Mines Ltd. stock for next 12 months.

    Multipartner SICAV – KONWAVE Gold, Ninepoint Resource Class, and HC Charteris Gold & Precious Meta are the top 3 mutual funds which are holding stakes in Avino Silver & Gold Mines Ltd. Multipartner SICAV – KONWAVE Gold is currently holding 0.47 million shares of worth totaling $0.5 million. The company recently came buying 0.0 shares which brought its stake up to 0.57% of the company’s outstanding shares. HC Charteris Gold & Precious Meta, after buying 0.23 million shares, have now control over 0.28% of the stake in the company. It holds 0.0 shares of worth $0.24 million.

    Avino Silver & Gold Mines Ltd. (AMEX: ASM) started trading at $1.10, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.20, or with a gain of 9.09%. Stock saw a price change of 2.56% in past 5 days and over the past one month there was a price change of 8.11%. Year-to-date (YTD), ASM shares are showing a performance of 107.94% which increased to 79.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.26 but also hit the highest price of $1.49 during that period. While comparing its average daily trading volume of 2.23 million shares, we see that about 2.12 million changed hands on the day. The stock is currently trading 0.84% above its 20-day simple moving average (SMA20), while that difference is up 26.14% for SMA50 and it goes to 96.88% higher than SMA200.

    Avino Silver & Gold Mines Ltd. (AMEX: ASM) currently have 87.21M outstanding shares and institutions hold larger chunk of about 7.95% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

    The stock has a current market capitalization of $106.07M and its 3Y-monthly beta is at 1.38. It has posted earnings per share of -$0.04 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASM, volatility over the week remained 7.93% while standing at 10.01% over the month.

    Analysts are in expectations that Avino Silver & Gold Mines Ltd. (ASM) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.02 and it is $0.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -223.10% while it is estimated to increase by 452.17% in next year.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Noble Capital Markets on September 13, 2018 offering a Market perform rating for the stock and assigned a target price of to it. Coverage by H.C. Wainwright stated Avino Silver & Gold Mines Ltd. (ASM) stock as a Buy in their note to investors on February 14, 2018, suggesting a price target of $3.25 for the stock. On January 24, 2017, Rodman & Renshaw Reiterated their recommendations, while on March 28, 2016, Euro Pacific Capital Reiterated their ratings for the stock with a price target of $2.10. Stock get a Buy rating from H.C. Wainwright on May 30, 2014.


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