Avino Silver & Gold Mines (NYSE:ASM) Receives Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Avino Silver & Gold Mines (NYSE:ASM) in a report issued on Friday morning,Benzinga reports. HC Wainwright currently has a $12.50 target price on the stock.

A number of other research analysts have also recently issued reports on ASM. Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. iA Financial set a $8.75 target price on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Finally, Roth Mkm increased their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Price Performance

Shares of Avino Silver & Gold Mines stock opened at $7.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. Avino Silver & Gold Mines has a 52-week low of $1.85 and a 52-week high of $11.99. The company has a fifty day moving average of $7.71 and a 200-day moving average of $6.69. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 387.69 and a beta of 1.79.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in shares of Avino Silver & Gold Mines by 94.3% in the third 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 during the period. Mackenzie Financial Corp boosted its holdings in shares of Avino Silver & Gold Mines by 239.7% during the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after purchasing an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Avino Silver & Gold Mines by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Avino Silver & Gold Mines in the third quarter worth about $28,208,000. Finally, Jane Street Group LLC increased its holdings 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 purchasing an additional 1,142,492 shares during the period. 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.