Avino Silver & Gold Mines Ltd. (NYSE:ASM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Avino Silver & Gold Mines Ltd. has received a consensus rating of "Moderate Buy" from five brokerages, with a twelve-month price target averaging $3.10.
• Hedge funds have recently increased their stakes in Avino Silver & Gold Mines, with notable increases by Prudential Financial and Dynamic Technology Lab.
• As of the latest data, shares of Avino Silver & Gold Mines are trading at $4.54, a decrease of 4.0% from the previous trading session.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $3.10.

Several research analysts have recently issued reports on ASM shares. HC Wainwright reaffirmed a "buy" rating and issued a $4.80 target price on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Roth Capital increased their price target on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, Zacks Research downgraded shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. grew its stake in shares of Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock valued at $279,000 after buying an additional 3,200 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after buying an additional 4,904 shares in the last quarter. Sprott Inc. boosted its position in Avino Silver & Gold Mines by 4.2% during the first quarter. Sprott Inc. now owns 261,850 shares of the company's stock worth $482,000 after purchasing an additional 10,450 shares during the period. Pinion Investment Advisors LLC bought a new position in Avino Silver & Gold Mines during the second quarter worth $41,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Avino Silver & Gold Mines by 12.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock worth $346,000 after purchasing an additional 20,900 shares during the period. 3.11% of the stock is owned by institutional investors.

Avino Silver & Gold Mines Stock Down 4.0%

Shares of NYSE ASM opened at $4.54 on Wednesday. The firm has a market capitalization of $685.83 million, a PE ratio of 227.11 and a beta of 1.61. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines has a 1 year low of $0.85 and a 1 year high of $4.90. The firm's 50-day moving average is $3.99 and its 200-day moving average is $3.47.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

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