Roth Capital Forecasts Strong Price Appreciation for Avino Silver & Gold Mines (NYSE:ASM) Stock

Key Points

• Roth Capital has increased its price target for Avino Silver & Gold Mines from $3.50 to $3.60, indicating a potential downside of 8.75% from its last closing price.
• Wall Street Zen downgraded Avino's rating from "buy" to "hold," while HC Wainwright maintained a "buy" rating with a price target of $4.80.
• Avino Silver & Gold Mines has seen significant trading activity, with a volume of over 6 million shares, and its stock has fluctuated between a 52-week low of $0.85 and a high of $4.41.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report) had its price objective increased by analysts at Roth Capital from $3.50 to $3.60 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Roth Capital's price target suggests a potential downside of 8.75% from the company's previous close.

A number of other equities analysts have also commented on ASM. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. HC Wainwright reiterated a "buy" rating and set a $4.80 price target on shares of Avino Silver & Gold Mines in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $3.10.

Avino Silver & Gold Mines Price Performance

NYSE:ASM traded up $0.15 on Friday, hitting $3.95. The company had a trading volume of 6,031,727 shares, compared to its average volume of 3,847,414. The stock has a market capitalization of $588.53 million, a price-to-earnings ratio of 197.85 and a beta of 1.59. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $3.61 and a two-hundred day moving average of $3.02. Avino Silver & Gold Mines has a 52 week low of $0.85 and a 52 week high of $4.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASM. Pinion Investment Advisors LLC bought a new stake in Avino Silver & Gold Mines in the second quarter worth about $41,000. Rathbones Group PLC bought a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $76,000. NewEdge Advisors LLC raised its position in shares of Avino Silver & Gold Mines by 2,422.3% in 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 during the period. Dynamic Technology Lab Private Ltd raised its position 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 valued at $58,000 after purchasing an additional 4,904 shares during the period. Finally, Mariner LLC bought a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at approximately $41,000. 3.11% of the stock is currently owned by institutional investors and hedge funds.

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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