Avino Silver & Gold Mines (NYSE:ASM) Shares Up 6.8% – Still a Buy?

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) were up 6.8% during trading on Thursday . The stock traded as high as $6.27 and last traded at $6.2710. Approximately 3,298,481 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 4,311,758 shares. The stock had previously closed at $5.87.

Wall Street Analysts Forecast Growth

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

Avino Silver & Gold Mines Stock Performance

The stock has a market cap of $946.96 million, a price-to-earnings ratio of 308.15 and a beta of 1.67. The firm’s 50-day moving average price is $5.09 and its two-hundred day moving average price is $4.31. 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

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in 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 buying an additional 2,515 shares during the last quarter. Pinion Investment Advisors LLC lifted its stake in shares of Avino Silver & Gold Mines by 26.0% during the third quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after buying an additional 2,940 shares during the period. Prudential Financial Inc. lifted its position in Avino Silver & Gold Mines by 4.3% during the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after buying an additional 3,200 shares during the period. Rathbones Group PLC grew its stake in shares of Avino Silver & Gold Mines by 21.1% during the 3rd quarter. Rathbones Group PLC now owns 25,550 shares of the company’s stock valued at $134,000 after buying an additional 4,450 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Avino Silver & Gold Mines by 18.5% during 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. Institutional investors and hedge funds 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.