Avino Silver & Gold Mines Ltd. (NYSE:ASM) Receives $3.10 Consensus Target Price from Brokerages

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.10.

Several analysts recently issued reports on ASM shares. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Roth Capital increased their price target on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.80 price target on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th.

Avino Silver & Gold Mines Stock Up 6.5%

Shares of NYSE ASM opened at $5.11 on Wednesday. Avino Silver & Gold Mines has a 12-month low of $0.85 and a 12-month high of $5.29. The company has a market cap of $771.93 million, a P/E ratio of 255.63 and a beta of 1.61. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $4.05 and a 200 day moving average price of $3.52.

Institutional Trading of Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of Avino Silver & Gold Mines during the fourth quarter worth about $492,000. Bank of America Corp DE grew its stake in Avino Silver & Gold Mines by 184,842.4% in the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company’s stock worth $503,000 after purchasing an additional 571,163 shares in the last quarter. Two Sigma Investments LP acquired a new position in Avino Silver & Gold Mines in the fourth quarter worth about $206,000. Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines in the fourth quarter worth about $67,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Avino Silver & Gold Mines by 12.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company’s stock worth $346,000 after purchasing an additional 20,900 shares in the last quarter. 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. 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.