Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “

Several other research analysts have also commented on ASM. Roth Capital set a $5.00 price objective on shares of Avino Silver and Gold Mines and gave the stock a “buy” rating in a research note on Wednesday, April 12th. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Avino Silver and Gold Mines in a research note on Thursday. Finally, Noble Financial reaffirmed a “buy” rating on shares of Avino Silver and Gold Mines in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Avino Silver and Gold Mines has a consensus rating of “Buy” and a consensus target price of $3.75.

Avino Silver and Gold Mines (NYSEMKT:ASM) traded down 9.52% during midday trading on Monday, reaching $1.52. 424,557 shares of the company were exchanged. The company has a 50-day moving average of $1.58 and a 200 day moving average of $1.66. Avino Silver and Gold Mines has a 52 week low of $1.12 and a 52 week high of $2.87. The firm has a market capitalization of $79.71 million, a PE ratio of 33.78 and a beta of 1.24.

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Hedge funds have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. acquired a new stake in Avino Silver and Gold Mines during the first quarter valued at $2,358,000. Sprott Inc. increased its stake in Avino Silver and Gold Mines by 4.4% in the first quarter. Sprott Inc. now owns 731,012 shares of the basic materials company’s stock valued at $1,272,000 after buying an additional 31,112 shares during the period. Finally, Bard Associates Inc. increased its stake in Avino Silver and Gold Mines by 1.0% in the first quarter. Bard Associates Inc. now owns 784,250 shares of the basic materials company’s stock valued at $1,365,000 after buying an additional 7,550 shares during the period.

About Avino Silver and Gold Mines

Avino Silver and Gold Mines Ltd is a Canada-based resource company. It is focused on silver, gold, and copper exploration, extraction and processing. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.

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