Avino Silver & Gold Mines (NYSE:ASM) Shares Up 9.5% – Time to Buy?

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) traded up 9.5% during mid-day trading on Wednesday . The stock traded as high as $6.57 and last traded at $6.47. 2,492,324 shares were traded during trading, a decline of 52% from the average session volume of 5,151,312 shares. The stock had previously closed at $5.91.

Analyst Ratings Changes

Several research firms have recently weighed in on ASM. HC Wainwright reduced their target price on Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Roth Capital cut their price target on Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Avino Silver & Gold Mines Stock Up 6.2%

The firm has a market capitalization of $1.15 billion, a PE ratio of 338.92 and a beta of 1.76. The business’s fifty day moving average price is $6.14 and its 200 day moving average price is $7.17. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently modified their holdings of ASM. Mariner LLC increased its stake in shares of Avino Silver & Gold Mines by 4.5% during the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after acquiring an additional 2,090 shares during the period. LPL Financial LLC lifted its holdings in shares of Avino Silver & Gold Mines by 0.9% in the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after buying an additional 2,587 shares during the period. Prudential Financial Inc. boosted its stake in shares of Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after buying an additional 3,200 shares in the last quarter. Stone House Investment Management LLC boosted its stake in shares of Avino Silver & Gold Mines by 1,137.6% in the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after buying an additional 3,868 shares in the last quarter. Finally, Mindset Wealth Management LLC grew its holdings in Avino Silver & Gold Mines by 32.4% during the fourth quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock worth $102,000 after acquiring an additional 4,000 shares during the period. 3.11% of the stock is owned by institutional investors and hedge funds.

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.