Avino Silver & Gold Mines (NYSE:ASM) Sees Strong Trading Volume - Here's What Happened

Key Points

• Unusually-high trading volume: About 12,436,445 shares traded Thursday, an 85% jump from the prior session, and the stock last traded at $5.3680 versus a previous close of $6.29.
• Analyst backdrop: Analysts are mixed but leaning positive with a consensus rating of "Moderate Buy" and an average target of $9.50, while some firms have raised targets (HC Wainwright to $12.50).
• Key financials: Market cap is roughly $916 million with a high P/E of 275.44; the company shows strong liquidity (current ratio 2.36) and very low leverage (debt-to-equity 0.01).

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 12,436,445 shares changed hands during mid-day trading, an increase of 85% from the previous session's volume of 6,739,732 shares.The stock last traded at $5.3680 and had previously closed at $6.29.

Analyst Upgrades and Downgrades

ASM has been the subject of a number of recent analyst reports. iA Financial set a $8.75 price target on Avino Silver & Gold Mines in a report on Friday, January 23rd. Roth Mkm increased their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Alliance Global Partners restated a "buy" rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Zacks Research downgraded shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 19th. Finally, HC Wainwright increased their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a "buy" rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Avino Silver & Gold Mines has a consensus rating of "Moderate Buy" and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The firm has a fifty day simple moving average of $8.55 and a 200-day simple moving average of $6.40. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The stock has a market cap of $916.40 million, a price-to-earnings ratio of 275.44 and a beta of 1.57.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently added to or reduced their stakes in the company. Stone House Investment Management LLC increased its position in Avino Silver & Gold Mines by 1,137.6% in the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company's stock worth $26,000 after purchasing an additional 3,868 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter valued at about $37,000. Global Retirement Partners LLC bought a new position in shares of Avino Silver & Gold Mines in the 3rd quarter valued at about $44,000. SBI Securities Co. Ltd. grew its position in shares of Avino Silver & Gold Mines by 42.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company's stock worth $44,000 after buying an additional 2,515 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Avino Silver & Gold Mines during the fourth quarter worth approximately $44,000. Institutional investors own 3.11% of the company's stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company's flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino's operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.

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