HC Wainwright Forecasts Strong Price Appreciation for Avino Silver & Gold Mines (NYSE:ASM) Stock

Avino Silver & Gold Mines (NYSE:ASM) had its price target boosted by investment analysts at HC Wainwright from $1.90 to $2.20 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target suggests a potential upside of 31.34% from the stock’s current price.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $1.80 target price (down from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th.

Avino Silver & Gold Mines Trading Up 18.8 %

Shares of ASM stock traded up $0.27 during mid-day trading on Wednesday, reaching $1.68. 5,349,742 shares of the stock traded hands, compared to its average volume of 1,624,953. The company has a market cap of $235.95 million, a price-to-earnings ratio of 83.79 and a beta of 1.87. Avino Silver & Gold Mines has a 1-year low of $0.53 and a 1-year high of $1.68. The stock’s fifty day simple moving average is $1.35 and its two-hundred day simple moving average is $1.14. 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 Investors Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in Avino Silver & Gold Mines by 276.3% in the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after acquiring an additional 28,771 shares during the period. XTX Topco Ltd purchased a new position in Avino Silver & Gold Mines in the third quarter worth about $100,000. Tidal Investments LLC boosted its stake in Avino Silver & Gold Mines by 105.2% during the 3rd quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock valued at $7,590,000 after purchasing an additional 3,537,466 shares during the last quarter. Sprott Inc. lifted its stake in 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 acquiring an additional 68,400 shares during the period. Finally, Millennium Management LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth approximately $492,000. 3.11% of the stock is currently owned by institutional investors.

Avino Silver & Gold Mines Company Profile

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.