Avino Silver & Gold Mines (NYSE:ASM) Reaches New 12-Month High - Here's What Happened

Key Points

• Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares hit a new 12-month high at $4.84, closing at $4.69 on strong trading volume of 775,368 shares.
• Brokerages have mixed opinions on ASM, with Roth Capital setting a price target of $3.60 and HC Wainwright giving it a target of $4.80, while the average consensus target price stands at $3.10.
• Institutional investors are increasing their stakes in the company, with Prudential Financial and Dynamic Technology Lab both boosting their holdings recently.

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.84 and last traded at $4.69, with a volume of 775368 shares changing hands. The stock had previously closed at $4.65.

Analyst Ratings Changes

Several analysts recently weighed in on ASM shares. HC Wainwright restated a "buy" rating and issued a $4.80 price target on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Roth Capital raised their price target on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a report on Friday, August 15th. Three 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 stock presently has an average rating of "Moderate Buy" and an average target price of $3.10.

Avino Silver & Gold Mines Trading Up 1.7%

The stock has a market capitalization of $714.53 million, a PE ratio of 236.62 and a beta of 1.61. 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 50 day moving average price of $3.98 and a 200-day moving average price of $3.45.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Avino Silver & Gold Mines during the 2nd quarter worth about $138,000. Tidal Investments LLC increased its position in shares of Avino Silver & Gold Mines by 11.6% in 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. Man Group plc purchased a new position in shares of Avino Silver & Gold Mines in the second quarter worth about $2,196,000. Bank of America Corp DE lifted its stake in Avino Silver & Gold Mines by 610.3% during the 2nd quarter. Bank of America Corp DE now owns 876,330 shares of the company's stock valued at $3,155,000 after acquiring an additional 752,949 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Avino Silver & Gold Mines in the second quarter valued at $855,000. 3.11% of the stock is currently owned by 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.