Avino Silver & Gold Mines (NYSE:ASM) Shares Up 7.3% – Here’s What Happened

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) rose 7.3% on Tuesday . The stock traded as high as $8.39 and last traded at $8.3450. Approximately 2,314,610 shares were traded during trading, a decline of 66% from the average daily volume of 6,801,497 shares. The stock had previously closed at $7.78.

Analyst Upgrades and Downgrades

ASM has been the topic of a number of recent research reports. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Roth Mkm increased their target price on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Trading Up 9.0%

The company has a market cap of $1.41 billion, a P/E ratio of 424.06 and a beta of 1.57. 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 business has a 50 day moving average price of $8.41 and a 200-day moving average price of $6.27.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stone House Investment Management LLC grew its holdings in Avino Silver & Gold Mines by 1,137.6% during the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after purchasing an additional 3,868 shares during the period. Lodestone Wealth Management LLC acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth approximately $37,000. Global Retirement Partners LLC bought a new stake in Avino Silver & Gold Mines in the third quarter valued at approximately $44,000. SBI Securities Co. Ltd. lifted its position in shares of Avino Silver & Gold Mines by 42.4% in the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after buying an additional 2,515 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at approximately $44,000. 3.11% of the stock is owned by institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company’s flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino’s operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.