Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Up – Time to Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.97, but opened at $6.40. Avino Silver & Gold Mines shares last traded at $6.1950, with a volume of 1,640,439 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a report on Friday, January 23rd. Roth Mkm boosted their price target on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Finally, iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Two investment analysts have 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a 50-day moving average of $8.49 and a 200 day moving average of $6.45. 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 cap of $1.02 billion, a P/E ratio of 307.90 and a beta of 1.57.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mariner LLC boosted its holdings in shares of Avino Silver & Gold Mines by 4.5% in the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after acquiring an additional 2,090 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings 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 valued at $44,000 after purchasing an additional 2,515 shares in the last quarter. LPL Financial LLC raised its position in Avino Silver & Gold Mines by 0.9% in the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after purchasing an additional 2,587 shares during the last quarter. Pinion Investment Advisors LLC raised its position in Avino Silver & Gold Mines by 26.0% in the 3rd quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after purchasing an additional 2,940 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 3.11% of the company’s stock.

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.