Avino Silver & Gold Mines (NYSE:ASM) Sees Strong Trading Volume - Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 5,729,666 shares were traded during mid-day trading, an increase of 122% from the previous session's volume of 2,576,897 shares.The stock last traded at $4.19 and had previously closed at $3.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Roth Capital reiterated a "neutral" rating and set a $3.50 price target on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.58.

Avino Silver & Gold Mines Stock Up 8.2%

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a market capitalization of $615.63 million, a P/E ratio of 211.11 and a beta of 1.66. The company's 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $2.67.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its position in Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock worth $58,000 after purchasing an additional 4,904 shares during the last quarter. Sprott Inc. boosted its holdings in shares of Avino Silver & Gold Mines by 4.2% in the 1st quarter. Sprott Inc. now owns 261,850 shares of the company's stock valued at $482,000 after acquiring an additional 10,450 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Avino Silver & Gold Mines by 12.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock valued at $346,000 after acquiring an additional 20,900 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of Avino Silver & Gold Mines by 21.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 205,799 shares of the company's stock valued at $710,000 after acquiring an additional 36,363 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of Avino Silver & Gold Mines by 70.3% in the 1st quarter. Alps Advisors Inc. now owns 92,088 shares of the company's stock valued at $169,000 after acquiring an additional 38,002 shares during the last quarter. 3.11% of the stock is owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

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.