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Avino Silver & Gold Mines (NYSE:ASM) Receives Buy Rating from HC Wainwright

Avino Silver & Gold Mines logo with Basic Materials background

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.
  • Want stock alerts on Avino Silver & Gold Mines? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $4.80 price objective on the stock. HC Wainwright's target price points to a potential upside of 23.08% from the company's previous close.

A number of other equities analysts have also recently commented on ASM. Wall Street Zen cut shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Roth Capital reaffirmed a "neutral" rating and set a $3.50 price target on shares of Avino Silver & Gold Mines in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avino Silver & Gold Mines has a consensus rating of "Moderate Buy" and a consensus target price of $3.08.

Check Out Our Latest Report on Avino Silver & Gold Mines

Avino Silver & Gold Mines Stock Down 0.3%

Shares of NYSE:ASM opened at $3.90 on Thursday. The firm's 50 day moving average price is $3.61 and its 200 day moving average price is $3.00. The stock has a market cap of $581.81 million, a price-to-earnings ratio of 195.10 and a beta of 1.59. Avino Silver & Gold Mines has a fifty-two week low of $0.85 and a fifty-two week high of $4.41. 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 and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Avino Silver & Gold Mines during the 4th quarter valued at approximately $147,000. Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 1,485,910 shares during the period. Mariner LLC acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth about $41,000. XTX Topco Ltd grew its holdings in Avino Silver & Gold Mines by 83.3% during the fourth quarter. XTX Topco Ltd now owns 166,641 shares of the company's stock worth $147,000 after acquiring an additional 75,750 shares during the period. Finally, Jane Street Group LLC grew its holdings 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 acquiring an additional 360,566 shares during the period. Hedge funds and other institutional investors own 3.11% of the company's stock.

About Avino Silver & Gold Mines

(Get Free Report)

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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