Avino Silver & Gold Mines (NYSE:ASM) Shares Up 11.2% – Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares were up 11.2% on Thursday . The stock traded as high as $7.77 and last traded at $7.6750. Approximately 3,667,768 shares traded hands during trading, a decline of 38% from the average daily volume of 5,891,970 shares. The stock had previously closed at $6.90.

Wall Street Analyst Weigh In

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

Avino Silver & Gold Mines Trading Up 13.5%

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 company has a market capitalization of $1.27 billion, a P/E ratio of 391.70 and a beta of 1.60. The firm has a fifty day moving average price of $5.93 and a 200-day moving average price of $4.94.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in Avino Silver & Gold Mines by 208.7% during the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock valued at $385,000 after buying an additional 141,594 shares during the period. U S Global Investors Inc. purchased a new position in Avino Silver & Gold Mines in the second quarter valued at about $3,836,000. Arrowstreet Capital Limited Partnership grew its position in shares of Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after acquiring an additional 2,691,743 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $6,194,000. Finally, Spark Investment Management LLC bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth approximately $699,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.