Avino Silver & Gold Mines (NYSE:ASM) Sets New 52-Week High – Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $4.75 and last traded at $4.54, with a volume of 543062 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ASM shares. Wall Street Zen cut shares of Avino Silver & Gold Mines from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. HC Wainwright restated a “buy” rating and set a $4.80 target price on shares of Avino Silver & Gold Mines in a research report on Thursday, August 14th. Finally, Roth Capital lifted their target price on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.10.

Avino Silver & Gold Mines Trading Down 1.7%

The business’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $3.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a market cap of $684.89 million, a price-to-earnings ratio of 228.61 and a beta of 1.61.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $217,000. Millennium Management LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $492,000. Bank of America Corp DE grew its holdings in Avino Silver & Gold Mines by 184,842.4% in the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company’s stock valued at $503,000 after purchasing an additional 571,163 shares during the period. Two Sigma Investments LP purchased a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $206,000. Finally, Two Sigma Advisers LP purchased a new stake in Avino Silver & Gold Mines in the fourth quarter valued at approximately $67,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.