Avino Silver & Gold Mines (NYSE:ASM) Trading 7.6% Higher – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares traded up 7.6% during mid-day trading on Friday . The company traded as high as $6.46 and last traded at $6.4350. 5,666,306 shares were traded during trading, a decline of 1% from the average session volume of 5,713,434 shares. The stock had previously closed at $5.98.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HC Wainwright boosted their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Roth Mkm reissued a “neutral” rating and set a $8.00 target price on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and a consensus target price of $9.92.

Avino Silver & Gold Mines Trading Up 7.0%

The stock’s 50 day moving average is $6.85 and its two-hundred day moving average is $7.18. The company has a market capitalization of $1.08 billion, a PE ratio of 319.96 and a beta of 1.69. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in Avino Silver & Gold Mines in the first quarter worth about $910,000. Lazard Asset Management LLC purchased a new stake in Avino Silver & Gold Mines in the first quarter worth about $199,000. Themes Management Co LLC lifted its stake in Avino Silver & Gold Mines by 89.5% in the first quarter. Themes Management Co LLC now owns 22,952 shares of the company’s stock worth $146,000 after acquiring an additional 10,839 shares during the period. Renaissance Technologies LLC purchased a new stake in Avino Silver & Gold Mines in the first quarter worth about $1,990,000. Finally, State of Wyoming lifted its stake in Avino Silver & Gold Mines by 48.6% in the first quarter. State of Wyoming now owns 20,428 shares of the company’s stock worth $127,000 after acquiring an additional 6,685 shares during the period. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.