Avino Silver & Gold Mines (NYSE:ASM) Trading Up 7.1% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price traded up 7.1% during mid-day trading on Wednesday . The company traded as high as $4.88 and last traded at $4.9150. 1,355,735 shares were traded during trading, a decline of 69% from the average session volume of 4,314,832 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research upgraded Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. HC Wainwright raised their price target on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Roth Capital set a $5.50 price objective on shares of Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Avino Silver & Gold Mines has a consensus rating of “Buy” and a consensus price target of $4.97.

Avino Silver & Gold Mines Stock Up 8.7%

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 firm has a 50 day moving average of $4.88 and a two-hundred day moving average of $4.06. The firm has a market capitalization of $767.10 million, a price-to-earnings ratio of 249.62 and a beta of 1.55.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Avino Silver & Gold Mines by 208.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock worth $385,000 after purchasing an additional 141,594 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $3,836,000. Baader Bank Aktiengesellschaft bought a new position in Avino Silver & Gold Mines in the 1st quarter valued at approximately $292,000. Janney Montgomery Scott LLC acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter worth approximately $231,000. Finally, Alps Advisors Inc. grew its holdings in Avino Silver & Gold Mines by 70.3% during the 1st quarter. Alps Advisors Inc. now owns 92,088 shares of the company’s stock worth $169,000 after acquiring an additional 38,002 shares during the last quarter. Institutional investors own 3.11% of the company’s stock.

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.