Avino Silver & Gold Mines (NYSE:ASM) Shares Up 5.5% – Here’s What Happened

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) shot up 5.5% on Wednesday . The stock traded as high as $11.01 and last traded at $10.9310. 4,134,538 shares were traded during trading, a decline of 46% from the average session volume of 7,600,411 shares. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ASM shares. Industrial Alliance Securities set a $8.75 target price on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. HC Wainwright lifted their target price on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a report on Friday. Roth Mkm upped their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a report on Friday, January 23rd. Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.50.

Avino Silver & Gold Mines Trading Up 6.6%

The business’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $5.10. The company has a market cap of $1.79 billion, a PE ratio of 551.78 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently bought and sold shares of ASM. Tidal Investments LLC lifted its position in shares of Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after buying an additional 3,497,923 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Avino Silver & Gold Mines by 239.7% during the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after purchasing an additional 4,124,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Avino Silver & Gold Mines by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock valued at $30,592,000 after buying an additional 1,621,634 shares during the last quarter. Van ECK Associates Corp bought a new position in Avino Silver & Gold Mines in the 3rd quarter worth $28,208,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock worth $11,069,000 after acquiring an additional 2,691,743 shares during the last quarter. 3.11% of the stock is owned by institutional investors and hedge funds.

About Avino Silver & Gold Mines

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.