Avino Silver & Gold Mines (NYSE:ASM) Trading Up 3.1% - Here's What Happened

Key Points

• Avino Silver & Gold Mines Ltd. experienced a 3.1% increase in stock price, trading at $4.63 after a previous close of $4.49.
• Analysts have mixed ratings for the stock: Roth Capital set a target of $3.60 (neutral), while HC Wainwright maintains a "buy" with a target of $4.80.
• Institutional ownership of Avino Silver & Gold Mines is at 3.11%, with recent significant acquisitions by firms like NewEdge Advisors LLC and Dynamic Technology Lab.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) traded up 3.1% on Thursday . The company traded as high as $4.64 and last traded at $4.63. 738,598 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,086,401 shares. The stock had previously closed at $4.49.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASM. Roth Capital upped their price target on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a "neutral" rating in a research report on Friday, August 15th. HC Wainwright restated a "buy" rating and set a $4.80 target price on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Finally, Zacks Research cut shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $3.10.

Avino Silver & Gold Mines Trading Up 4.6%

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 business's 50-day moving average price is $4.00 and its two-hundred day moving average price is $3.49. The company has a market capitalization of $709.24 million, a price-to-earnings ratio of 234.42 and a beta of 1.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASM. Pinion Investment Advisors LLC acquired a new position in shares of Avino Silver & Gold Mines in the 2nd quarter valued at approximately $41,000. Dynamic Technology Lab Private Ltd raised its position in 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 valued at $58,000 after purchasing an additional 4,904 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines during the fourth quarter valued at approximately $67,000. Rathbones Group PLC acquired a new position in Avino Silver & Gold Mines during the second quarter valued at approximately $76,000. Finally, NewEdge Advisors LLC raised its position in Avino Silver & Gold Mines by 2,422.3% during the second quarter. NewEdge Advisors LLC now owns 25,980 shares of the company's stock valued at $94,000 after purchasing an additional 24,950 shares in the last quarter. Institutional investors and hedge funds own 3.11% of the company's stock.

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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