S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Avino Silver & Gold Mines Ltd. (NYSE:ASM) stock has reached a new 52-week high, touching $3.31, as investors rally behind the precious metals miner. This peak represents a significant milestone for the company, which has seen its stock price surge over the past year. The impressive ascent is reflected in the 1-year change data, with Avino Silver & Gold Mines Ltd. boasting a staggering 225.96% increase. This robust performance underscores the market’s growing confidence in the company’s prospects, as it capitalizes on favorable conditions in the silver and gold mining sector.
In other recent news, Avino Silver & Gold Mines reported a record revenue of $24.4 million for the fourth quarter of 2024, significantly surpassing the revenue forecast of $16.7 million. The company also exceeded earnings expectations, reporting an earnings per share (EPS) of $0.03 compared to the forecast of $0.02. Avino Silver & Gold Mines’ net income for the quarter reached $8.1 million, translating to $0.06 per share, with adjusted earnings totaling $21.3 million or $0.15 per share. The company maintained a strong cash position of $27.3 million, marking a 916% increase from the previous year. H.C. Wainwright raised its price target for Avino Silver & Gold to $2.80 from $2.20, maintaining a Buy rating following the company’s strong financial performance. The firm’s confidence is based on Avino’s robust margins supported by current metal prices and operational efficiencies. Additionally, Avino’s operational achievements included the replacement of its primary jaw crusher with minimal downtime, further supporting its production capabilities. Looking ahead, Avino plans to advance its La Preciosa project, with expectations for production contributions in late 2024 or early 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.