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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.94, but opened at $6.24. Avino Silver & Gold Mines shares last traded at $5.9640, with a volume of 932,472 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ASM shares. HC Wainwright upped their target price on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the company a “buy” rating in a research report on Monday, November 3rd. Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Roth Capital set a $5.50 target price on shares of Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of “Hold” and a consensus target price of $6.55.

Avino Silver & Gold Mines Price Performance

The company’s 50-day simple moving average is $5.12 and its 200-day simple moving average is $4.36. The company has a market capitalization of $952.60 million, a PE ratio of 301.90 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ASM. Pinion Investment Advisors LLC acquired a new position in shares of Avino Silver & Gold Mines in the 2nd quarter worth $41,000. Global Retirement Partners LLC acquired a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $44,000. SBI Securities Co. Ltd. grew its holdings in shares of Avino Silver & Gold Mines by 42.4% during the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Avino Silver & Gold Mines by 18.5% in the first 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 in the last quarter. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter worth about $63,000. Institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.