Avino Silver & Gold Mines' (ASM) "Buy" Rating Reiterated at HC Wainwright

Key Points

• HC Wainwright has reiterated a "buy" rating for Avino Silver & Gold Mines (NYSE:ASM), setting a price target of $4.80, which indicates a potential upside of 23.08% from its previous close.
• Currently, Avino Silver & Gold Mines has a consensus rating of "Moderate Buy" with a target price of $3.08, amidst a mix of ratings from other analysts.
• The stock has shown substantial growth among institutional investors, with notable increases in holdings from firms like Renaissance Technologies and Jane Street Group during the fourth quarter.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $4.80 price target on the stock. HC Wainwright's price target would indicate a potential upside of 29.91% from the stock's previous close.

Several other research firms also recently commented on ASM. Wall Street Zen downgraded Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Roth Capital reissued a "neutral" rating and issued a $3.50 price objective on shares of Avino Silver & Gold Mines in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.10.

Avino Silver & Gold Mines Price Performance

Shares of ASM stock traded down $0.1450 during trading hours on Thursday, hitting $3.6950. 1,864,380 shares of the company's stock were exchanged, compared to its average volume of 3,873,114. 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 firm has a market cap of $551.23 million, a P/E ratio of 184.34 and a beta of 1.59. The firm has a 50 day moving average of $3.62 and a two-hundred day moving average of $3.04. Avino Silver & Gold Mines has a fifty-two week low of $0.85 and a fifty-two week high of $4.41.

Institutional Trading of Avino Silver & Gold Mines

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Avino Silver & Gold Mines in the 4th quarter valued at $147,000. Captrust Financial Advisors purchased a new stake in Avino Silver & Gold Mines in the 4th quarter valued at $217,000. Millennium Management LLC purchased a new stake in Avino Silver & Gold Mines in the 4th quarter valued at $492,000. Bank of America Corp DE grew its holdings in Avino Silver & Gold Mines by 184,842.4% in the 4th 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 in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Avino Silver & Gold Mines in the 4th quarter valued at $206,000. 3.11% of the stock is currently owned by hedge funds and other 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.