Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 4.6% After Analyst Upgrade

Key Points

• Shares of Avino Silver & Gold Mines rose by 4.6% to trade at $3.98, despite a significant decline in trading volume.
• Analysts have mixed opinions, with Roth Capital maintaining a "neutral" rating and target price of $3.50, while HC Wainwright sets a higher target of $4.80 with a "buy" rating.
• Recent institutional investments include a large purchase of approximately $15 million by MIRAE ASSET GLOBAL ETFs and a 702.7% increase in holdings by Arrowstreet Capital.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price rose 4.6% during trading on Friday after Roth Capital raised their price target on the stock from $3.50 to $3.60. Roth Capital currently has a neutral rating on the stock. Avino Silver & Gold Mines traded as high as $3.96 and last traded at $3.98. Approximately 1,854,675 shares traded hands during trading, a decline of 51% from the average daily volume of 3,816,378 shares. The stock had previously closed at $3.80.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. HC Wainwright reiterated a "buy" rating and issued a $4.80 target price on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.10.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its position in 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 buying an additional 3,200 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after buying an additional 4,904 shares during the last quarter. Sprott Inc. boosted its position 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 purchased a new stake in Avino Silver & Gold Mines in the second quarter valued at approximately $41,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in 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 buying an additional 20,900 shares during the last quarter. Institutional investors and hedge funds own 3.11% of the company's stock.

Avino Silver & Gold Mines Trading Down 3.9%

The stock has a 50-day moving average of $3.62 and a 200 day moving average of $3.05. The stock has a market cap of $550.49 million, a PE ratio of 184.59 and a beta of 1.59. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

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.