Avino Silver & Gold Mines (NYSE:ASM) Trading 8.5% Higher – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares shot up 8.5% during trading on Wednesday . The stock traded as high as $1.27 and last traded at $1.34. 1,543,747 shares changed 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

Several equities analysts recently commented on ASM shares. HC Wainwright reaffirmed a “buy” rating and set a $1.90 price target (up previously from $1.80) on shares of Avino Silver & Gold Mines in a research report on Wednesday, January 22nd. Roth Mkm reissued a “buy” rating and issued a $1.80 price objective (down previously from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th.

Avino Silver & Gold Mines Price Performance

The company has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.13. The company has a market cap of $189.74 million, a PE ratio of 67.53 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its holdings 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 in the last quarter. Renaissance Technologies LLC raised its position in shares of Avino Silver & Gold Mines by 382.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company’s stock valued at $1,652,000 after purchasing an additional 1,485,910 shares in the last quarter. Bank of America Corp DE boosted its stake 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 valued at $503,000 after buying an additional 571,163 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Avino Silver & Gold Mines during the fourth quarter worth approximately $492,000. Finally, Jane Street Group LLC grew its position in shares of Avino Silver & Gold Mines by 920.2% during the fourth quarter. Jane Street Group LLC now owns 399,750 shares of the company’s stock worth $352,000 after buying an additional 360,566 shares in the last quarter. Hedge funds and other institutional investors own 3.11% of the company’s stock.

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.