Avino Silver & Gold Mines (NYSE:ASM) Shares Up 5.6% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) was up 5.6% during trading on Wednesday . The stock traded as high as $1.42 and last traded at $1.43. Approximately 2,214,516 shares changed hands during trading, an increase of 50% from the average daily volume of 1,477,317 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Several equities analysts recently issued reports on ASM shares. Roth Mkm reiterated a “buy” rating and issued a $1.80 target price (down from $1.90) on shares of Avino Silver & Gold Mines in a research note on Thursday, November 14th. HC Wainwright reaffirmed a “buy” rating and set a $1.90 target price (up previously from $1.80) on shares of Avino Silver & Gold Mines in a report on Wednesday, January 22nd. Finally, Alliance Global Partners upped their price objective on shares of Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a report on Friday, October 18th.

Avino Silver & Gold Mines Price Performance

The firm has a market cap of $200.99 million, a price-to-earnings ratio of 71.54 and a beta of 1.97. 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 company’s 50-day moving average price is $1.17 and its 200-day moving average price is $1.09.

Institutional Trading of Avino Silver & Gold Mines

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Avino Silver & Gold Mines by 276.3% in the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after purchasing an additional 28,771 shares during the last quarter. XTX Topco Ltd acquired a new stake in Avino Silver & Gold Mines in the third quarter valued at $100,000. Tidal Investments LLC lifted its holdings in Avino Silver & Gold Mines by 105.2% in the third quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock valued at $7,590,000 after acquiring an additional 3,537,466 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth $147,000. Finally, Prudential Financial Inc. acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth $80,000. 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.