StockNews.com Upgrades Avino Silver & Gold Mines (NYSE:ASM) to Buy

Avino Silver & Gold Mines (NYSE:ASM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, HC Wainwright upped their price target on shares of Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a “buy” rating in a research report on Wednesday, March 12th.

Avino Silver & Gold Mines Stock Up 8.6 %

ASM stock traded up $0.15 during midday trading on Monday, reaching $1.90. 5,739,200 shares of the company were exchanged, compared to its average volume of 1,417,029. The company has a market cap of $267.65 million, a price-to-earnings ratio of 95.05 and a beta of 1.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. Avino Silver & Gold Mines has a 1-year low of $0.55 and a 1-year high of $1.90. The stock’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.18.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mariner LLC acquired a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $41,000. Jane Street Group LLC increased its position in shares of 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 in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Avino Silver & Gold Mines in the 4th quarter valued at $67,000. Prudential Financial Inc. acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter valued at $80,000. Finally, XTX Topco Ltd purchased a new stake in Avino Silver & Gold Mines during the 3rd quarter worth $100,000. 3.11% of the stock is currently owned by hedge funds and other 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.