Avino Silver & Gold Mines (NYSE:ASM) Sets New 12-Month High - Here's What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $3.74 and last traded at $3.54, with a volume of 6301700 shares. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASM shares. HC Wainwright lifted their target price on Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Avino Silver & Gold Mines Stock Up 7.2%

The company has a market cap of $541.35 million, a price-to-earnings ratio of 186.59 and a beta of 1.66. The business has a 50-day simple moving average of $3.03 and a two-hundred day simple moving average of $2.25. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of Avino Silver & Gold Mines by 382.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company's stock worth $1,652,000 after buying an additional 1,485,910 shares during the last quarter. Trek Financial LLC bought a new position in shares of Avino Silver & Gold Mines during the 1st quarter worth about $1,327,000. Bank of America Corp DE raised its position in shares of Avino Silver & Gold Mines by 184,842.4% during the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock valued at $503,000 after buying an additional 571,163 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $492,000. Finally, Jane Street Group LLC grew its position in Avino Silver & Gold Mines by 920.2% during the fourth quarter. Jane Street Group LLC now owns 399,750 shares of the company's stock worth $352,000 after buying an additional 360,566 shares in the last quarter. 3.11% of the stock is currently 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.