Avino Silver & Gold Mines (NYSE:ASM) Hits New 1-Year High – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $3.74 and last traded at $3.54, with a volume of 6301700 shares trading hands. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

ASM has been the topic of several analyst reports. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a “buy” rating in a research note on Thursday, May 15th.

Avino Silver & Gold Mines Stock Performance

The company’s 50 day moving average price is $2.99 and its 200 day moving average price is $2.22. The company has a market cap of $513.77 million, a price-to-earnings ratio of 177.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Trading of Avino Silver & Gold Mines

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth $147,000. Captrust Financial Advisors bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth $217,000. Millennium Management LLC bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth $492,000. Two Sigma Advisers LP bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth $67,000. Finally, Jane Street Group LLC boosted its holdings in shares of Avino Silver & Gold Mines by 920.2% during the 4th 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 during the period. 3.11% of the stock is owned by 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.