Avino Silver & Gold Mines (NYSE:ASM) Sets New 12-Month High – Time to Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $11.28 and last traded at $11.24, with a volume of 11632577 shares trading hands. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

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

Avino Silver & Gold Mines Stock Up 8.5%

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 firm has a 50-day moving average of $6.42 and a 200 day moving average of $5.14. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 562.28 and a beta of 1.60.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently added to or reduced their stakes in ASM. Stone House Investment Management LLC raised its position in Avino Silver & Gold Mines by 1,137.6% during the fourth 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 in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth about $37,000. Pinion Investment Advisors LLC bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter valued at about $41,000. Global Retirement Partners LLC acquired a new stake in Avino Silver & Gold Mines in the 3rd quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. grew its holdings in Avino Silver & Gold Mines by 42.4% during 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. 3.11% of the stock is currently owned by institutional investors and hedge funds.

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.