Avino Silver and Gold Mines Ltd (ASM) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) from a buy rating to a hold rating in a report issued on Tuesday morning.

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. “

Several other research firms have also recently commented on ASM. Roth Capital set a $4.00 price target on shares of Avino Silver and Gold Mines and gave the stock a buy rating in a report on Wednesday, January 18th. TheStreet upgraded shares of Avino Silver and Gold Mines from a sell rating to a hold rating in a report on Tuesday, November 29th. Finally, Rodman & Renshaw raised their price target on shares of Avino Silver and Gold Mines from $3.50 to $4.00 and gave the stock a buy rating in a report on Tuesday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $2.83.

Avino Silver and Gold Mines (NYSEMKT:ASM) remained flat at $2.00 during trading on Tuesday. The company’s stock had a trading volume of 409,389 shares. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.91. Avino Silver and Gold Mines has a 52-week low of $0.90 and a 52-week high of $3.14. The firm has a market cap of $90.50 million, a price-to-earnings ratio of 100.00 and a beta of 1.24.

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A hedge fund recently raised its stake in Avino Silver and Gold Mines stock. Bard Associates Inc. increased its position in Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,700 shares of the company’s stock after buying an additional 5,700 shares during the period. Bard Associates Inc. owned about 1.72% of Avino Silver and Gold Mines worth $1,064,000 as of its most recent SEC filing.

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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