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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped up before the market opened on Monday . The stock had previously closed at $6.39, but opened at $6.96. Avino Silver & Gold Mines shares last traded at $7.1150, with a volume of 1,149,453 shares.

Analysts Set New Price Targets

ASM has been the subject of several research analyst reports. Roth Mkm reiterated a “neutral” rating and issued a $8.00 price target on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.92.

Avino Silver & Gold Mines Price Performance

The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $7.22. The stock has a market cap of $1.18 billion, a P/E ratio of 347.67 and a beta of 1.69.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASM. TD Asset Management Inc acquired a new position in shares of Avino Silver & Gold Mines during the 3rd quarter worth about $909,000. JPMorgan Chase & Co. bought a new position in shares of Avino Silver & Gold Mines in the 3rd quarter valued at about $972,000. Van ECK Associates Corp acquired a new stake in shares of Avino Silver & Gold Mines in the third quarter valued at about $28,208,000. Auxano Advisors LLC bought a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $1,801,000. Finally, Rothschild Wealth LLC bought a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $2,174,000. Institutional investors 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.