Avino Silver & Gold Mines (NYSE:ASM) Trading 4.6% Higher Following 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.

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) were up 4.6% during mid-day 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 were traded during mid-day trading, a decline of 51% from the average daily volume of 3,816,378 shares. The stock had previously closed at $3.80.

Other research analysts also recently issued research reports about the stock. HC Wainwright restated a "buy" rating and set a $4.80 price target on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in Avino Silver & Gold Mines by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock worth $279,000 after acquiring an additional 3,200 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock worth $58,000 after acquiring an additional 4,904 shares during the last quarter. Sprott Inc. lifted its position in Avino Silver & Gold Mines by 4.2% during the 1st quarter. Sprott Inc. now owns 261,850 shares of the company's stock worth $482,000 after acquiring an additional 10,450 shares during the last quarter. Pinion Investment Advisors LLC acquired a new position in Avino Silver & Gold Mines during the 2nd quarter worth $41,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Avino Silver & Gold Mines by 12.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock worth $346,000 after acquiring 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 Stock Performance

The stock has a market cap of $557.94 million, a price-to-earnings ratio of 187.09 and a beta of 1.59. 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 stock's 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $3.07.

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.