Avino Silver & Gold Mines (NYSE:ASM) Sets New 52-Week High – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price reached a new 52-week high on Thursday . The company traded as high as $11.28 and last traded at $11.24, with a volume of 11632577 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Industrial Alliance Securities set a $8.75 price target on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Roth Mkm increased their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research report on Friday, January 23rd. HC Wainwright raised their price target on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.45 billion, a PE ratio of 449.72 and a beta of 1.60. The business has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $5.21.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the company. Pictet Asset Management Holding SA purchased a new position in Avino Silver & Gold Mines in the 4th quarter worth $185,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $336,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Avino Silver & Gold Mines in the fourth quarter worth about $149,000. Stone House Investment Management LLC lifted its holdings in shares of Avino Silver & Gold Mines by 1,137.6% during the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after purchasing an additional 3,868 shares during the period. Finally, Lodestone Wealth Management LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $37,000. 3.11% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company’s flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino’s operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.