Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $2.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.53% from the company’s current price.
According to Zacks, “Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada. Avino Silver & Gold Mines Ltd. is headquartered in Vancouver, Canada. “
Separately, Roth Capital set a $5.00 price objective on shares of Avino Silver and Gold Mines and gave the company a “buy” rating in a research note on Wednesday, April 12th.
Shares of Avino Silver and Gold Mines (NYSEMKT:ASM) opened at 1.86 on Thursday. The company’s 50-day moving average is $1.57 and its 200 day moving average is $1.65. Avino Silver and Gold Mines has a 52-week low of $1.12 and a 52-week high of $2.87. The firm has a market cap of $97.54 million, a price-to-earnings ratio of 41.33 and a beta of 1.24.
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Institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. bought a new position in Avino Silver and Gold Mines during the first quarter worth $2,358,000. Bard Associates Inc. boosted its position in Avino Silver and Gold Mines by 1.0% in the first quarter. Bard Associates Inc. now owns 784,250 shares of the basic materials company’s stock worth $1,365,000 after buying an additional 7,550 shares during the period. Finally, Sprott Inc. boosted its position in Avino Silver and Gold Mines by 4.4% in the first quarter. Sprott Inc. now owns 731,012 shares of the basic materials company’s stock worth $1,272,000 after buying an additional 31,112 shares during the period.
About Avino Silver and Gold Mines
Avino Silver and Gold Mines Ltd is a Canada-based resource company. It is focused on silver, gold, and copper exploration, extraction and processing. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.
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