Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 13.2% - What's Next?

Key Points

• Avino Silver & Gold Mines shares increased by 13.2% during trading, reaching a high of $6.45 before closing at $6.27.
• Analysts have mixed ratings for the stock, with HC Wainwright setting a price target of $6.10 and a "buy" rating, while Zacks downgraded it to a "hold" rating.
• The company's market capitalization is approximately $963.03 million, with a current PE ratio of 318.91.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price rose 13.2% during trading on Wednesday . The stock traded as high as $6.45 and last traded at $6.27. Approximately 1,973,438 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 4,224,976 shares. The stock had previously closed at $5.54.

Analyst Ratings Changes

ASM has been the topic of several recent analyst reports. HC Wainwright upped their price target on Avino Silver & Gold Mines to $6.10 and gave the company a "buy" rating in a research note on Wednesday. Zacks Research downgraded Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Roth Capital set a $5.50 price objective on Avino Silver & Gold Mines in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.90.

Avino Silver & Gold Mines Price Performance

The company has a market capitalization of $963.03 million, a PE ratio of 318.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The company's 50 day simple moving average is $4.50 and its 200 day simple moving average is $3.75.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently added to or reduced their stakes in the stock. Pinion Investment Advisors LLC purchased a new position in Avino Silver & Gold Mines during the 2nd quarter worth approximately $41,000. Dynamic Technology Lab Private Ltd grew its stake 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 buying an additional 4,904 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in Avino Silver & Gold Mines during the 3rd quarter worth approximately $68,000. Rathbones Group PLC purchased a new position in Avino Silver & Gold Mines during the 2nd quarter worth approximately $76,000. Finally, NewEdge Advisors LLC grew its stake in Avino Silver & Gold Mines by 2,422.3% during the 2nd quarter. NewEdge Advisors LLC now owns 25,980 shares of the company's stock worth $94,000 after buying an additional 24,950 shares during the last quarter. 3.11% of the stock is currently owned by hedge funds and other 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.

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