Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday.

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 stock a “buy” rating in a report on Wednesday, April 12th.

Shares of Avino Silver and Gold Mines (NYSEMKT:ASM) traded up 2.39% during midday trading on Tuesday, reaching $1.50. The company’s stock had a trading volume of 126,172 shares. The company’s 50-day moving average price is $1.55 and its 200 day moving average price is $1.62. The company has a market capitalization of $78.66 million, a P/E ratio of 33.33 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 $3.14.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Sprott Inc. raised its position in shares of 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 in the last quarter. Bard Associates Inc. raised 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, OppenheimerFunds Inc. bought a new position in Avino Silver and Gold Mines during the first quarter worth $2,358,000.

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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