Avino Silver & Gold Mines (NYSE:ASM) Trading Up 6.4% – Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shot up 6.4% on Wednesday . The company traded as high as $6.44 and last traded at $6.4350. Approximately 1,960,079 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,291,708 shares. The stock had previously closed at $6.05.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Roth Capital dropped their price objective on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday. HC Wainwright lowered their price target on shares of Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Avino Silver & Gold Mines Stock Down 9.1%

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 $966.55 million, a PE ratio of 284.64 and a beta of 1.73. The company has a 50 day moving average price of $6.35 and a 200-day moving average price of $7.23.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently modified their holdings of ASM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Avino Silver & Gold Mines in the second quarter worth about $15,116,000. Mackenzie Financial Corp lifted its holdings in Avino Silver & Gold Mines by 239.7% in the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after buying an additional 4,124,392 shares during the period. Tidal Investments LLC boosted its position in Avino Silver & Gold Mines by 94.3% during the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock valued at $37,840,000 after acquiring an additional 3,497,923 shares in the last quarter. Jane Street Group LLC boosted its position in Avino Silver & Gold Mines by 1,135.9% during the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock valued at $7,719,000 after acquiring an additional 1,142,492 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Avino Silver & Gold Mines by 278.5% during the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company’s stock worth $5,387,000 after acquiring an additional 755,189 shares during the period. 3.11% of the stock is owned by hedge funds and other 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.