Avino Silver & Gold Mines (NYSE:ASM) Shares Up 6.6% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares rose 6.6% during trading on Friday . The stock traded as high as $6.22 and last traded at $6.2450. Approximately 892,299 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 5,607,869 shares. The stock had previously closed at $5.86.

Wall Street Analyst Weigh In

ASM has been the topic of a number of research reports. HC Wainwright boosted their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Roth Mkm reissued a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Stock Up 6.9%

The firm has a fifty day moving average price of $6.76 and a 200 day moving average price of $7.26. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.07 billion, a P/E ratio of 313.41 and a beta of 1.69.

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors have recently bought and sold shares of ASM. Mariner LLC grew its position in shares of Avino Silver & Gold Mines by 4.5% during the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after buying an additional 2,090 shares during the period. LPL Financial LLC lifted its stake in Avino Silver & Gold Mines by 0.9% in the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after acquiring an additional 2,587 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Avino Silver & Gold Mines by 4.3% during the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after purchasing an additional 3,200 shares during the last quarter. Stone House Investment Management LLC boosted its stake in shares of Avino Silver & Gold Mines by 1,137.6% during the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after buying an additional 3,868 shares during the last quarter. Finally, Mindset Wealth Management LLC boosted its position in Avino Silver & Gold Mines by 32.4% during the fourth quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after purchasing an additional 4,000 shares during 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. 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.