Avino Silver & Gold Mines (NYSE:ASM) Sets New 12-Month High - What's Next?

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.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price reached a new 52-week high 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASM. Roth Capital upped their price objective on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a "neutral" rating in a report on Friday, August 15th. HC Wainwright reiterated a "buy" rating and issued a $4.80 target price on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $3.10.

Avino Silver & Gold Mines Stock Performance

The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $3.43. The company has a market capitalization of $710.15 million, a price-to-earnings ratio of 235.87 and a beta of 1.61.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in shares of Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock valued at $279,000 after purchasing an additional 3,200 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Avino Silver & Gold Mines by 18.5% during the first 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 in the last quarter. Sprott Inc. increased its holdings in Avino Silver & Gold Mines by 4.2% in the first quarter. Sprott Inc. now owns 261,850 shares of the company's stock valued at $482,000 after buying an additional 10,450 shares during the last quarter. Pinion Investment Advisors LLC bought a new position in Avino Silver & Gold Mines in the 2nd quarter worth approximately $41,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Avino Silver & Gold Mines by 12.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock valued at $346,000 after purchasing an additional 20,900 shares in the last quarter. Hedge funds and other institutional investors own 3.11% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.