Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 5.6% – Here’s Why

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

Analysts Set New Price Targets

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

Avino Silver & Gold Mines Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The company has a market cap of $200.99 million, a PE ratio of 71.54 and a beta of 1.97. The business has a 50 day moving average of $1.17 and a 200 day moving average of $1.09.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Avino Silver & Gold Mines by 276.3% in the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after purchasing an additional 28,771 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter valued at about $80,000. XTX Topco Ltd bought a new position in shares of Avino Silver & Gold Mines during the 3rd quarter valued at approximately $100,000. JPMorgan Chase & Co. bought a new position in shares of Avino Silver & Gold Mines during the 4th quarter valued at approximately $147,000. Finally, Sprott Inc. lifted its holdings in Avino Silver & Gold Mines by 37.4% in the 4th quarter. Sprott Inc. now owns 251,400 shares of the company’s stock worth $221,000 after purchasing an additional 68,400 shares in the last quarter. Hedge funds and other institutional investors 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.