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Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 8.5% - Here's Why

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Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shot up 8.5% on Wednesday . The company traded as high as $1.27 and last traded at $1.34. 1,543,747 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 1,684,590 shares. The stock had previously closed at $1.23.

Analyst Ratings Changes

A number of brokerages have weighed in on ASM. HC Wainwright restated a "buy" rating and issued a $1.90 price objective (up previously from $1.80) on shares of Avino Silver & Gold Mines in a report on Wednesday, January 22nd. Roth Mkm restated a "buy" rating and issued a $1.80 price objective (down previously from $1.90) on shares of Avino Silver & Gold Mines in a report on Thursday, November 14th.

Check Out Our Latest Stock Report on Avino Silver & Gold Mines

Avino Silver & Gold Mines Stock Performance

The stock has a market cap of $192.99 million, a PE ratio of 68.53 and a beta of 1.87. 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 stock has a 50-day moving average of $1.34 and a 200 day moving average of $1.14.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several large investors have recently modified their holdings of the business. Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth $67,000. Two Sigma Investments LP acquired a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $206,000. Millennium Management LLC acquired a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $492,000. Captrust Financial Advisors acquired a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $217,000. Finally, Bank of America Corp DE raised its position in shares of Avino Silver & Gold Mines by 184,842.4% during the 4th quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock worth $503,000 after acquiring an additional 571,163 shares in the last quarter. Institutional investors and hedge funds own 3.11% of the company's stock.

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Avino Silver & Gold Mines Company Profile

(Get Free Report)

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.

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