StockNews.com Upgrades Avino Silver & Gold Mines (NYSE:ASM) to Buy

Avino Silver & Gold Mines (NYSE:ASM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, HC Wainwright boosted their price target on shares of Avino Silver & Gold Mines from $1.90 to $2.20 and gave the stock a “buy” rating in a research report on Wednesday, March 12th.

Avino Silver & Gold Mines Price Performance

Shares of Avino Silver & Gold Mines stock opened at $1.85 on Monday. 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 company’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.19. Avino Silver & Gold Mines has a 52 week low of $0.55 and a 52 week high of $1.98. The stock has a market cap of $260.61 million, a PE ratio of 92.55 and a beta of 1.87.

Institutional Trading of Avino Silver & Gold Mines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in Avino Silver & Gold Mines by 276.3% during the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after buying an additional 28,771 shares during the period. XTX Topco Ltd acquired a new stake in Avino Silver & Gold Mines during the 3rd quarter worth about $100,000. Tidal Investments LLC raised its holdings in Avino Silver & Gold Mines by 105.2% during the 3rd quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock worth $7,590,000 after buying an additional 3,537,466 shares during the period. Sprott Inc. raised its holdings in Avino Silver & Gold Mines by 37.4% during the 4th quarter. Sprott Inc. now owns 251,400 shares of the company’s stock worth $221,000 after buying an additional 68,400 shares during the period. Finally, Millennium Management LLC acquired a new stake in Avino Silver & Gold Mines during the 4th quarter worth about $492,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.