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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped up prior to trading on Wednesday . The stock had previously closed at $7.01, but opened at $7.25. Avino Silver & Gold Mines shares last traded at $7.5110, with a volume of 483,005 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HC Wainwright raised their price target on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Roth Capital boosted their price objective on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Two equities 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.92.

Avino Silver & Gold Mines Price Performance

The business has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $6.90. The firm has a market cap of $1.26 billion, a P/E ratio of 369.78 and a beta of 1.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in Avino Silver & Gold Mines in the first quarter worth $134,000. Dynamic Technology Lab Private Ltd lifted its position in shares of 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 purchasing an additional 4,904 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Avino Silver & Gold Mines by 208.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock valued at $385,000 after purchasing an additional 141,594 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Avino Silver & Gold Mines during the 1st quarter valued at about $669,000. Finally, American Century Companies Inc. purchased a new position in shares of Avino Silver & Gold Mines during the second quarter valued at about $422,000. 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.