Avino Silver & Gold Mines (NYSE:ASM) Reaches New 1-Year High – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $6.68 and last traded at $6.5570, with a volume of 2328184 shares. The stock had previously closed at $6.20.

Wall Street Analysts Forecast Growth

ASM has been the topic of several analyst reports. Roth Capital set a $5.50 price objective on Avino Silver & Gold Mines in a research note on Wednesday, October 15th. HC Wainwright increased their price objective on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Avino Silver & Gold Mines currently has an average rating of “Hold” and an average price target of $6.55.

Avino Silver & Gold Mines Trading Up 4.1%

The company’s 50-day moving average is $5.19 and its 200-day moving average is $4.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 322.91 and a beta of 1.67.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pinion Investment Advisors LLC acquired a new position in Avino Silver & Gold Mines during the 2nd quarter worth $41,000. Global Retirement Partners LLC acquired a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter valued at $44,000. SBI Securities Co. Ltd. raised its position in shares of 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 acquiring an additional 2,515 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Avino Silver & Gold Mines by 18.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock valued at $58,000 after acquiring an additional 4,904 shares during the period. Finally, Bryn Mawr Trust Advisors LLC bought a new position in Avino Silver & Gold Mines in the third quarter valued at about $63,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

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.