Avino Silver & Gold Mines (NYSE:ASM) Shares Up 6.8% – Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shot up 6.8% during mid-day trading on Friday . The stock traded as high as $6.08 and last traded at $6.0750. 1,317,914 shares were traded during trading, a decline of 81% from the average session volume of 6,792,389 shares. The stock had previously closed at $5.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. iA Financial set a $8.75 price target on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Roth Mkm increased their price objective on shares of 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. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Finally, HC Wainwright boosted their target price on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $8.46 and a 200 day moving average of $6.44. The firm has a market capitalization of $995.48 million, a PE ratio of 298.30 and a beta of 1.57.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently added to or reduced their stakes in ASM. Tidal Investments LLC lifted its position in shares of Avino Silver & Gold Mines by 94.3% during the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after buying an additional 3,497,923 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Avino Silver & Gold Mines by 239.7% during the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after acquiring an additional 4,124,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Avino Silver & Gold Mines by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock worth $30,592,000 after acquiring an additional 1,621,634 shares during the period. Van ECK Associates Corp purchased a new position in Avino Silver & Gold Mines in the third quarter worth $28,208,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Avino Silver & Gold Mines by 702.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock worth $11,069,000 after purchasing an additional 2,691,743 shares during the last quarter. 3.11% of the stock is owned by institutional investors.

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.