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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.97, but opened at $6.40. Avino Silver & Gold Mines shares last traded at $6.1950, with a volume of 1,640,439 shares.

Wall Street Analyst Weigh In

ASM has been the topic of several recent research reports. HC Wainwright upped their target price on shares of 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. Roth Mkm boosted their price objective on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock 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’s 50 day moving average is $8.46 and its 200 day moving average is $6.44. The stock has a market capitalization of $949.27 million, a PE ratio of 284.64 and a beta of 1.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASM. Cubist Systematic Strategies LLC purchased a new stake in Avino Silver & Gold Mines in the 1st quarter valued at about $134,000. Dynamic Technology Lab Private Ltd grew its stake in Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after acquiring an additional 4,904 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Avino Silver & Gold Mines by 208.7% during the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock worth $385,000 after acquiring an additional 141,594 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Avino Silver & Gold Mines during the first quarter worth approximately $669,000. Finally, American Century Companies Inc. purchased a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $422,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

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.