Avino Silver & Gold Mines (NYSE:ASM) Trading Up 9.5% – Should You Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price rose 9.5% during mid-day trading on Wednesday . The company traded as high as $6.57 and last traded at $6.47. 2,492,324 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 5,151,312 shares. The stock had previously closed at $5.91.

Analyst Ratings Changes

A number of analysts recently commented on ASM shares. HC Wainwright decreased their price objective on Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Roth Capital decreased their price target on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Two equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Avino Silver & Gold Mines Stock Performance

The company’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $7.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm has a market capitalization of $1.10 billion, a PE ratio of 322.41 and a beta of 1.73.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Avino Silver & Gold Mines in the 3rd quarter worth $972,000. Patriot Financial Group Insurance Agency LLC increased its stake in Avino Silver & Gold Mines by 343.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 106,678 shares of the company’s stock worth $674,000 after acquiring an additional 82,613 shares during the last quarter. Auxano Advisors LLC purchased a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth about $1,801,000. SG Americas Securities LLC acquired a new position in shares of Avino Silver & Gold Mines in the 1st quarter valued at about $3,433,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth about $1,896,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.