Avino Silver and Gold Mines Ltd (NYSEMKT:ASM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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. “

A number of other analysts also recently weighed in on ASM. Noble Financial restated a “buy” rating on shares of Avino Silver and Gold Mines in a research note on Friday. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Avino Silver and Gold Mines in a research note on Thursday. Finally, Roth Capital set a $5.00 price target on Avino Silver and Gold Mines and gave the company a “buy” rating in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Avino Silver and Gold Mines has a consensus rating of “Buy” and a consensus price target of $3.75.

Avino Silver and Gold Mines (NYSEMKT ASM) traded down 9.52% during midday trading on Monday, reaching $1.52. The company’s stock had a trading volume of 424,557 shares. The stock’s 50 day moving average is $1.58 and its 200 day moving average is $1.66. Avino Silver and Gold Mines has a 12-month low of $1.12 and a 12-month high of $2.87. The stock has a market cap of $79.71 million, a P/E ratio of 33.78 and a beta of 1.24.

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

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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