Avino Silver & Gold Mines (NYSE:ASM) Sets New 52-Week High – Here’s What Happened

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) hit a new 52-week high on Saturday . The stock traded as high as $7.09 and last traded at $7.04, with a volume of 8828410 shares. The stock had previously closed at $6.86.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HC Wainwright upped their price target on shares of Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.55.

Avino Silver & Gold Mines Trading Up 2.6%

The firm’s 50 day simple moving average is $5.79 and its 200-day simple moving average is $4.88. The company has a market capitalization of $1.14 billion, a PE ratio of 352.18 and a beta of 1.60. 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

Several large investors have recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC acquired a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth about $37,000. CoreCap Advisors LLC raised its holdings in shares of Avino Silver & Gold Mines by 2,473.4% during the 4th quarter. CoreCap Advisors LLC now owns 12,867 shares of the company’s stock valued at $80,000 after buying an additional 12,367 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Avino Silver & Gold Mines during the 3rd quarter valued at about $972,000. Tidal Investments LLC lifted its position in Avino Silver & Gold Mines by 94.3% during the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after acquiring an additional 3,497,923 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Avino Silver & Gold Mines in the 3rd quarter worth approximately $465,000. 3.11% of the stock is currently owned by institutional investors and hedge funds.

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.