Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 6.8% – Here’s What Happened

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) rose 6.8% during trading on Friday . The stock traded as high as $6.08 and last traded at $6.0750. Approximately 1,317,914 shares were traded during trading, a decline of 81% from the average daily volume of 6,792,389 shares. The stock had previously closed at $5.69.

Analysts Set New Price Targets

ASM has been the subject of a number of research analyst reports. HC Wainwright increased their target price on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research report on Friday, January 23rd. iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Finally, Roth Mkm increased their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Avino Silver & Gold Mines Trading Up 4.4%

The business has a 50-day moving average price of $8.44 and a 200-day moving average price of $6.47. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $993.99 million, a P/E ratio of 297.15 and a beta of 1.57.

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors have recently made changes to their positions in ASM. Mariner LLC increased its stake in Avino Silver & Gold Mines by 4.5% in the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock valued at $301,000 after acquiring an additional 2,090 shares during the period. SBI Securities Co. Ltd. lifted its stake in Avino Silver & Gold Mines by 42.4% during the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock worth $44,000 after purchasing an additional 2,515 shares during the period. LPL Financial LLC boosted its holdings in Avino Silver & Gold Mines by 0.9% during the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after purchasing an additional 2,587 shares in the last quarter. Pinion Investment Advisors LLC grew its stake in shares of Avino Silver & Gold Mines by 26.0% in the 3rd quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after purchasing an additional 2,940 shares during the period. Finally, Prudential Financial Inc. grew its stake 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 purchasing an additional 3,200 shares during the period. 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.