Avino Silver & Gold Mines (NYSE:ASM) Sets New 1-Year High - Here's Why

Key Points

• Avino Silver & Gold Mines shares hit a new 52-week high of $5.46 during trading, closing at $5.24 with significant volume.
• Analyst ratings are mixed, with HC Wainwright maintaining a "buy" rating but Zacks Research downgrading it from "strong-buy" to "hold".
• Institutional investors have shown confidence, with several large firms increasing their stakes in the company during the second quarter.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $5.46 and last traded at $5.24, with a volume of 1076518 shares. The stock had previously closed at $5.11.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $4.80 price objective on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Roth Capital increased their target price on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Finally, Zacks Research cut shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Avino Silver & Gold Mines has an average rating of "Moderate Buy" and an average price target of $3.10.

Avino Silver & Gold Mines Stock Performance

The company has a market cap of $799.88 million, a PE ratio of 264.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The business's 50-day moving average is $4.05 and its 200 day moving average is $3.52.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Avino Silver & Gold Mines during the 2nd quarter valued at about $15,116,000. Tidal Investments LLC lifted its position in Avino Silver & Gold Mines by 11.6% during the 2nd quarter. Tidal Investments LLC now owns 3,709,669 shares of the company's stock valued at $13,355,000 after acquiring an additional 385,245 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company's stock valued at $11,069,000 after acquiring an additional 2,691,743 shares during the period. Mackenzie Financial Corp purchased a new position in Avino Silver & Gold Mines during the 2nd quarter valued at about $6,194,000. Finally, U S Global Investors Inc. purchased a new position in Avino Silver & Gold Mines during the 2nd quarter valued at about $3,836,000. Institutional investors own 3.11% of the company's stock.

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.

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