Avino Silver & Gold Mines (NYSE:ASM) Trading 40.1% Higher – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price traded up 40.1% during mid-day trading on Wednesday . The stock traded as high as $1.73 and last traded at $2.05. 3,863,734 shares traded hands during mid-day trading, an increase of 136% from the average session volume of 1,638,855 shares. The stock had previously closed at $1.46.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Avino Silver & Gold Mines from a “hold” rating to a “buy” rating in a report on Monday, March 17th. HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a “buy” rating in a report on Wednesday, March 12th.

Avino Silver & Gold Mines Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.44. The firm has a market capitalization of $288.98 million, a P/E ratio of 102.05 and a beta of 1.68.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in Avino Silver & Gold Mines by 276.3% during the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after purchasing an additional 28,771 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Avino Silver & Gold Mines during the 3rd quarter worth $100,000. Tidal Investments LLC grew its position in Avino Silver & Gold Mines by 105.2% in the third quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock worth $7,590,000 after acquiring an additional 3,537,466 shares in the last quarter. Sprott Inc. increased its stake in Avino Silver & Gold Mines by 37.4% in the fourth quarter. Sprott Inc. now owns 251,400 shares of the company’s stock valued at $221,000 after acquiring an additional 68,400 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of Avino Silver & Gold Mines during the 4th quarter valued at about $80,000. 3.11% of the stock is currently owned by institutional investors.

Avino Silver & Gold Mines Company Profile

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.