Avino Silver & Gold Mines (NYSE:ASM) Trading 68.6% Higher – Should You Buy?

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) rose 68.6% during mid-day trading on Wednesday . The stock traded as high as $1.73 and last traded at $2.46. Approximately 3,863,734 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 1,834,162 shares. The stock had previously closed at $1.46.

Analyst Ratings Changes

A number of analysts have commented on the company. HC Wainwright reissued a “buy” rating and issued a $2.20 target price on shares of Avino Silver & Gold Mines in a report on Thursday, April 17th. StockNews.com downgraded Avino Silver & Gold Mines from a “buy” rating to a “hold” rating in a report on Wednesday.

Avino Silver & Gold Mines Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The company has a market cap of $348.48 million, a P/E ratio of 123.06 and a beta of 1.69. The stock’s 50-day moving average is $2.00 and its two-hundred day moving average is $1.67.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently modified their holdings of ASM. Jane Street Group LLC increased its position in Avino Silver & Gold Mines by 276.3% during the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after acquiring an additional 28,771 shares during the last quarter. Sprott Inc. grew its stake in shares of Avino Silver & Gold Mines by 37.4% during the 4th quarter. Sprott Inc. now owns 251,400 shares of the company’s stock valued at $221,000 after purchasing an additional 68,400 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Avino Silver & Gold Mines during the 4th quarter valued at about $80,000. JPMorgan Chase & Co. bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth approximately $147,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Avino Silver & Gold Mines by 382.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company’s stock worth $1,652,000 after buying an additional 1,485,910 shares during the last quarter. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

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.