Avino Silver & Gold Mines (NYSE:ASM) Earns Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Avino Silver & Gold Mines (NYSE:ASM) in a research note released on Thursday morning,Benzinga reports. The firm currently has a $4.80 price objective on the stock.

A number of other research firms have also recently issued reports on ASM. Roth Capital restated a “neutral” rating and issued a $3.50 price objective on shares of Avino Silver & Gold Mines in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Avino Silver & Gold Mines from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.08.

Avino Silver & Gold Mines Stock Performance

NYSE ASM opened at $3.80 on Thursday. The company has a 50-day simple moving average of $3.61 and a two-hundred day simple moving average of $3.02. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines has a 12-month low of $0.85 and a 12-month high of $4.41. The firm has a market cap of $566.90 million, a price-to-earnings ratio of 190.10 and a beta of 1.59.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinion Investment Advisors LLC purchased a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth about $41,000. Rathbones Group PLC purchased a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth about $76,000. NewEdge Advisors LLC lifted its position in shares of Avino Silver & Gold Mines by 2,422.3% in the 2nd quarter. NewEdge Advisors LLC now owns 25,980 shares of the company’s stock worth $94,000 after purchasing an additional 24,950 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in shares of Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after purchasing an additional 4,904 shares during the period. Finally, Mariner LLC purchased a new stake in shares of Avino Silver & Gold Mines in the 4th quarter worth about $41,000. 3.11% of the stock is 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.