Avino Silver & Gold Mines (NYSE:ASM) Trading 8.5% Higher – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares rose 8.5% during mid-day trading on Wednesday . The stock traded as high as $1.27 and last traded at $1.34. Approximately 1,543,747 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 1,684,590 shares. The stock had previously closed at $1.23.

Analysts Set New Price Targets

ASM has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating and set a $1.80 price objective (down previously from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th. HC Wainwright reiterated a “buy” rating and issued a $1.90 price target (up from $1.80) on shares of Avino Silver & Gold Mines in a research report on Wednesday, January 22nd.

Avino Silver & Gold Mines Trading Up 8.0 %

The firm’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.13. The stock has a market capitalization of $189.74 million, a P/E ratio of 67.53 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of Avino Silver & Gold Mines by 105.2% in the 3rd quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock valued at $7,590,000 after purchasing an additional 3,537,466 shares during the last quarter. Renaissance Technologies LLC grew its position in Avino Silver & Gold Mines by 382.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company’s stock valued at $1,652,000 after acquiring an additional 1,485,910 shares during the last quarter. Bank of America Corp DE raised its stake in Avino Silver & Gold Mines by 184,842.4% during the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company’s stock worth $503,000 after acquiring an additional 571,163 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter valued at approximately $492,000. Finally, Jane Street Group LLC lifted its stake in Avino Silver & Gold Mines by 920.2% in the 4th quarter. Jane Street Group LLC now owns 399,750 shares of the company’s stock valued at $352,000 after purchasing an additional 360,566 shares during the last quarter. 3.11% of the stock is 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.