Avino Silver & Gold Mines (NYSE:ASM) Shares Up 7.3% – Still a Buy?

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) rose 7.3% during trading on Tuesday . The stock traded as high as $8.39 and last traded at $8.3450. Approximately 2,314,610 shares traded hands during trading, a decline of 66% from the average daily volume of 6,801,497 shares. The stock had previously closed at $7.78.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Roth Mkm lifted their price target 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 boosted their price objective on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Avino Silver & Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Price Performance

The firm has a market cap of $1.28 billion, a P/E ratio of 384.19 and a beta of 1.57. 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 stock’s 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $6.31.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASM. Stone House Investment Management LLC lifted its stake in shares of Avino Silver & Gold Mines by 1,137.6% during the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after acquiring 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 valued at $37,000. Banque Cantonale Vaudoise bought a new position in Avino Silver & Gold Mines in the 4th quarter valued at $44,000. SBI Securities Co. Ltd. increased its stake in Avino Silver & Gold Mines by 42.4% in the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock worth $44,000 after purchasing an additional 2,515 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Avino Silver & Gold Mines in the third quarter worth $44,000. Institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.