Avino Silver & Gold Mines (NYSE:ASM) Trading 7.6% Higher – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price shot up 7.6% on Friday . The company traded as high as $6.46 and last traded at $6.4350. 5,666,306 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 5,713,434 shares. The stock had previously closed at $5.98.

Analysts Set New Price Targets

Several research firms have commented on ASM. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Roth Mkm reissued a “neutral” rating and set a $8.00 price target on shares of Avino Silver & Gold Mines in a research report on Friday, May 15th. Finally, HC Wainwright increased their price target on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Trading Up 7.0%

The firm has a market capitalization of $1.08 billion, a PE ratio of 319.96 and a beta of 1.69. The company’s 50-day simple moving average is $6.85 and its 200 day simple moving average is $7.18. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Trading of Avino Silver & Gold Mines

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Avino Silver & Gold Mines during the first quarter valued at about $910,000. Lazard Asset Management LLC acquired a new position in shares of Avino Silver & Gold Mines during the first quarter valued at about $199,000. Themes Management Co LLC increased its holdings in shares of Avino Silver & Gold Mines by 89.5% during the first quarter. Themes Management Co LLC now owns 22,952 shares of the company’s stock valued at $146,000 after acquiring an additional 10,839 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Avino Silver & Gold Mines during the first quarter valued at about $1,990,000. Finally, State of Wyoming increased its holdings in shares of Avino Silver & Gold Mines by 48.6% during the first quarter. State of Wyoming now owns 20,428 shares of the company’s stock valued at $127,000 after acquiring an additional 6,685 shares in the last quarter. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.