Is asm stock a good investment right now
5/19/2024 10:34am
**Avino Silver & Gold Mines Ltd. (ASM) appears to be a solid investment** based on the following analysis:
1. **Strong Financial Performance**: Avino Silver reported earnings per share (EPS) of 2 cents for the first quarter of 2024, which is a 100% improvement from the previous year and a break-even in the Zacks Consensus Estimate[^1]. The company's revenues rose 26% year over year to $12.4 million, and the company recorded a mine-operating profit of $2.3 million, up 26% from the year-ago quarter[^1].
2. **Production and Operational Efficiency**: Avino Silver achieved a quarterly production of 629,302 silver equivalent ounces, which was down 7% year over year but still tracking their production target for the year. The operations team achieved an overall silver equivalent production increase of 13%[^4].
3. **Analyst Ratings and Price Targets**: While specific analyst ratings and price targets are not provided, the company's strong financial performance and operational improvements suggest that analysts may have a positive outlook on the stock.
4. **Investment Consideration**: Given the company's improved financials, increased production efficiency, and potential for future growth, ASM could be considered a good investment. However, investors should conduct their own research and consider their risk tolerance before making investment decisions.