Avino Silver & Gold Mines (NYSE:ASM) Trading Up 6.4% – Here’s What Happened

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) shot up 6.4% on Wednesday . The stock traded as high as $6.44 and last traded at $6.4350. 1,960,079 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,291,708 shares. The stock had previously closed at $6.05.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Capital reaffirmed a “neutral” rating and set a $8.00 price target on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. HC Wainwright upped their price objective on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

Avino Silver & Gold Mines Stock Performance

The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 314.91 and a beta of 1.73. 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 stock has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $7.23.

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors have recently added to or reduced their stakes in ASM. Stone House Investment Management LLC grew its holdings in 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 acquiring an additional 3,868 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Avino Silver & Gold Mines in the 1st quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth about $37,000. Harbor Investment Advisory LLC acquired a new position in Avino Silver & Gold Mines in the first quarter worth about $44,000. Finally, Banque Cantonale Vaudoise acquired a new position in Avino Silver & Gold Mines in the fourth quarter worth about $44,000. 3.11% of the stock is owned by institutional investors and hedge funds.

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.