Avino Silver & Gold Mines (NYSE:ASM) Hits New 52-Week High - Here's What Happened

Key Points

• Avino Silver & Gold Mines reached a new 52-week high of $5.64, with significant trading volume exceeding 6.16 million shares.
• Analysts hold a mixed outlook on the stock, with Roth Capital setting a price target of $5.00 and Zacks Research downgrading it to a "hold".
• Institutional ownership of the company is low, with only 3.11% of the stock owned by institutional investors.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.64 and last traded at $5.59, with a volume of 6166280 shares trading hands. The stock had previously closed at $5.34.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASM. Roth Capital set a $5.00 price target on Avino Silver & Gold Mines and gave the company a "neutral" rating in a research report on Friday, October 3rd. Zacks Research lowered Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Finally, HC Wainwright restated a "buy" rating and set a $4.80 price target on shares of Avino Silver & Gold Mines in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $3.45.

Avino Silver & Gold Mines Stock Up 3.7%

The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $3.73. The firm has a market capitalization of $836.89 million, a P/E ratio of 277.14 and a beta of 1.58.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently added to or reduced their stakes in ASM. Cambridge Investment Research Advisors Inc. boosted its holdings in Avino Silver & Gold Mines by 12.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock worth $346,000 after acquiring an additional 20,900 shares in the last quarter. Trek Financial LLC purchased a new position in shares of Avino Silver & Gold Mines in the first quarter worth $1,327,000. Alps Advisors Inc. raised its stake in shares of Avino Silver & Gold Mines by 70.3% in the first quarter. Alps Advisors Inc. now owns 92,088 shares of the company's stock worth $169,000 after purchasing an additional 38,002 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Avino Silver & Gold Mines in the first quarter worth $292,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Avino Silver & Gold Mines in the first quarter worth $118,000. 3.11% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.