Avino Silver & Gold Mines (NYSE:ASM) Trading 5.6% Higher - What's Next?

Key Points

• Avino Silver & Gold Mines shares rose 5.6% to $4.62, although trading volume decreased significantly to 893,970 shares, down 78% from the average.
• Roth Capital raised its price target for the company from $3.50 to $3.60, maintaining a "neutral" rating, while HC Wainwright set a higher target of $4.80 with a "buy" rating.
• Institutional investors are actively increasing their stakes in Avino, with Prudential Financial and Dynamic Technology Lab among those boosting their holdings recently.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares traded up 5.6% during mid-day trading on Friday . The company traded as high as $4.61 and last traded at $4.62. 893,970 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,018,082 shares. The stock had previously closed at $4.37.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Roth Capital increased their price objective on 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 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.10.

Avino Silver & Gold Mines Trading Up 4.7%

The company has a 50 day moving average of $3.96 and a two-hundred day moving average of $3.40. 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 has a market capitalization of $691.11 million, a PE ratio of 228.36 and a beta of 1.61.

Institutional Trading of Avino Silver & Gold Mines

Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake 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 worth $279,000 after buying an additional 3,200 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of 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 worth $58,000 after buying an additional 4,904 shares during the last quarter. Sprott Inc. boosted its stake in shares of Avino Silver & Gold Mines by 4.2% in the first quarter. Sprott Inc. now owns 261,850 shares of the company's stock worth $482,000 after buying an additional 10,450 shares during the last quarter. Pinion Investment Advisors LLC purchased a new stake in shares of Avino Silver & Gold Mines in the second quarter worth about $41,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake 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 worth $346,000 after buying an additional 20,900 shares during 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.

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