Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 11.2% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM) rose 11.2% on Wednesday . The stock traded as high as $7.47 and last traded at $7.5950. 1,865,672 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 5,137,174 shares. The stock had previously closed at $6.83.

Analyst Ratings Changes

Several analysts have weighed in on ASM shares. Roth Capital reissued a “neutral” rating and issued a $7.00 target price on shares of Avino Silver & Gold Mines in a report on Thursday, August 13th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Avino Silver & Gold Mines has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Avino Silver & Gold Mines Trading Up 8.6%

The business has a 50 day moving average of $6.21 and a 200-day moving average of $7.09. The stock has a market cap of $1.26 billion, a PE ratio of 370.94 and a beta of 1.76. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in Avino Silver & Gold Mines in the 1st quarter valued at about $29,000. Harbor Investment Advisory LLC purchased a new stake in shares of Avino Silver & Gold Mines during the first quarter worth about $44,000. Banque Cantonale Vaudoise purchased a new stake in shares of Avino Silver & Gold Mines during the fourth quarter worth about $44,000. Euro Pacific Asset Management LLC acquired a new position in shares of Avino Silver & Gold Mines in the first quarter valued at approximately $63,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Avino Silver & Gold Mines by 387.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,246 shares of the company’s stock valued at $64,000 after buying an additional 8,142 shares during the period. 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.