Avino Silver & Gold Mines’ (ASM) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Avino Silver & Gold Mines (NYSE:ASM) in a research note released on Thursday, Benzinga reports. HC Wainwright currently has a $1.50 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. Roth Mkm reaffirmed a buy rating and set a $1.60 price target (up from $1.25) on shares of Avino Silver & Gold Mines in a research note on Wednesday, July 17th. StockNews.com raised Avino Silver & Gold Mines from a sell rating to a hold rating in a research note on Friday, May 10th.

Avino Silver & Gold Mines Stock Up 3.8 %

Avino Silver & Gold Mines stock traded up $0.03 during mid-day trading on Thursday, hitting $0.93. The company’s stock had a trading volume of 548,237 shares, compared to its average volume of 900,546. The firm’s 50 day moving average is $0.98 and its 200 day moving average is $0.96. The company has a market cap of $125.45 million, a PE ratio of 16.92 and a beta of 2.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.11. Avino Silver & Gold Mines has a 52-week low of $0.40 and a 52-week high of $1.13.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASM. Rathbones Group PLC acquired a new stake in Avino Silver & Gold Mines in the 2nd quarter valued at $135,000. Marshall Wace LLP bought a new position in Avino Silver & Gold Mines in the 2nd quarter valued at $165,000. Perritt Capital Management Inc. raised its position in Avino Silver & Gold Mines by 300.0% in the 4th quarter. Perritt Capital Management Inc. now owns 800,000 shares of the company’s stock valued at $419,000 after purchasing an additional 600,000 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Avino Silver & Gold Mines in the 1st quarter valued at $1,906,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.