Avino Silver & Gold Mines (NYSE:ASM) Trading Up 6.6% – Should You Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price traded up 6.6% during mid-day trading on Friday . The stock traded as high as $6.22 and last traded at $6.2450. 892,299 shares changed hands during trading, a decline of 84% from the average daily volume of 5,607,869 shares. The stock had previously closed at $5.86.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Roth Mkm reissued a “neutral” rating and set a $8.00 price objective on shares of Avino Silver & Gold Mines in a research report on Friday, May 15th. HC Wainwright upped their target price on Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Two investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Price Performance

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 stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 307.65 and a beta of 1.69. The stock’s 50 day simple moving average is $6.74 and its 200-day simple moving average is $7.25.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth about $910,000. Lazard Asset Management LLC bought a new position in shares of Avino Silver & Gold Mines in the 1st quarter valued at approximately $199,000. Themes Management Co LLC raised its stake in shares of Avino Silver & Gold Mines by 89.5% in the 1st quarter. Themes Management Co LLC now owns 22,952 shares of the company’s stock valued at $146,000 after acquiring an additional 10,839 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Avino Silver & Gold Mines in the 1st quarter worth approximately $1,990,000. Finally, State of Wyoming lifted its holdings in Avino Silver & Gold Mines by 48.6% in the 1st quarter. State of Wyoming now owns 20,428 shares of the company’s stock worth $127,000 after purchasing an additional 6,685 shares during the last quarter. 3.11% of the stock is currently owned by institutional investors.

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.