Avino Silver & Gold Mines (NYSE:ASM) Trading 5.5% Higher – Should You Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares rose 5.5% on Wednesday . The company traded as high as $11.01 and last traded at $10.9310. Approximately 4,134,538 shares traded hands during trading, a decline of 46% from the average daily volume of 7,600,411 shares. The stock had previously closed at $10.36.

Analyst Ratings Changes

ASM has been the topic of a number of analyst reports. Roth Mkm lifted their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. HC Wainwright increased their target price on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a research note on Friday. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Industrial Alliance Securities set a $8.75 price objective on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Finally, Zacks Research downgraded shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a market capitalization of $1.79 billion, a P/E ratio of 551.78 and a beta of 1.60. 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 company has a fifty day moving average price of $6.29 and a 200 day moving average price of $5.10.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Institutional investors have recently modified their holdings of the company. Stone House Investment Management LLC grew its position in Avino Silver & Gold Mines by 1,137.6% in the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after purchasing an additional 3,868 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Avino Silver & Gold Mines in the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. increased its position in Avino Silver & Gold Mines by 42.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after acquiring an additional 2,515 shares during the period. Global Retirement Partners LLC bought a new stake in Avino Silver & Gold Mines during the 3rd quarter valued at $44,000. Finally, Pinion Investment Advisors LLC acquired a new position in Avino Silver & Gold Mines during the 2nd quarter worth $41,000. Institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company’s flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino’s operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.