Avino Silver & Gold Mines (NYSE:ASM) Trading Up 6.6% – Time to Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price traded up 6.6% during mid-day trading on Friday . The stock traded as high as $6.22 and last traded at $6.2450. 892,299 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 5,607,869 shares. The stock had previously closed at $5.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ASM shares. HC Wainwright raised their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Roth Mkm reissued a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Stock Up 6.9%

The firm has a 50 day moving average of $6.76 and a two-hundred day moving average of $7.26. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 313.41 and a beta of 1.69.

Institutional Trading of Avino Silver & Gold Mines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in 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. PNC Financial Services Group Inc. bought a new position in shares of Avino Silver & Gold Mines in the 1st quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth about $37,000. Harbor Investment Advisory LLC acquired a new position in Avino Silver & Gold Mines in the first quarter valued at approximately $44,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter valued at $44,000. 3.11% of the stock is currently 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.