Zacks Investment Research upgraded shares of Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) from a hold rating to a buy rating in a research note released on Thursday. Zacks Investment Research currently has $2.00 price objective on the basic materials company’s stock.

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 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 (ASM) opened at 1.86 on Thursday. The company’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.65. The firm has a market capitalization of $97.54 million, a PE ratio of 41.33 and a beta of 1.24. Avino Silver and Gold Mines has a 12-month low of $1.12 and a 12-month high of $2.87.

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Hedge funds have recently bought and sold shares of the company. Bard Associates Inc. boosted its stake 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 valued at $1,365,000 after buying an additional 7,550 shares during the last quarter. Sprott Inc. boosted its stake 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 valued at $1,272,000 after buying an additional 31,112 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in Avino Silver and Gold Mines during the first quarter valued at $2,358,000.

Avino Silver and Gold Mines Company Profile

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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