Avino Silver & Gold Mines (NYSE:ASM) Trading 11.2% Higher – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares rose 11.2% on Wednesday . The company traded as high as $7.47 and last traded at $7.5950. 1,865,672 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 5,137,174 shares. The stock had previously closed at $6.83.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASM. Roth Capital reissued a “neutral” rating and issued a $7.00 price target on shares of Avino Silver & Gold Mines in a research report on Thursday, August 13th. HC Wainwright boosted their price target on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.75.

Avino Silver & Gold Mines Trading Up 0.4%

The firm has a market cap of $1.29 billion, a P/E ratio of 380.19 and a beta of 1.76. The company’s fifty day moving average price is $6.28 and its two-hundred day moving average price is $7.05. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Institutional Trading of Avino Silver & Gold Mines

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 raised its position in shares of 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 during the period. Prudential Financial Inc. raised its position in shares of Avino Silver & Gold Mines by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after acquiring an additional 3,200 shares during the period. Mindset Wealth Management LLC boosted its stake in Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock worth $102,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Avino Silver & Gold Mines by 17.2% during the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company’s stock worth $176,000 after acquiring an additional 4,156 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. 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.