Avino Silver & Gold Mines (NYSE:ASM) Trading 11.2% Higher – Should You Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASMGet Free Report)’s stock price was up 11.2% on Wednesday . The stock traded as high as $7.47 and last traded at $7.5950. 1,865,672 shares were traded during mid-day trading, a decline of 64% from the average session volume of 5,137,174 shares. The stock had previously closed at $6.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASM shares. HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Roth Capital reaffirmed a “neutral” rating and set a $7.00 price target on shares of Avino Silver & Gold Mines in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Get Our Latest Stock Report on Avino Silver & Gold Mines

Avino Silver & Gold Mines Trading Up 8.6%

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 $1.26 billion, a price-to-earnings ratio of 370.94 and a beta of 1.76. The business’s 50 day simple moving average is $6.21 and its 200 day simple moving average is $7.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in shares of Avino Silver & Gold Mines during the 1st quarter worth $29,000. Banque Cantonale Vaudoise purchased a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $44,000. Harbor Investment Advisory LLC acquired a new position in Avino Silver & Gold Mines during the first quarter worth about $44,000. Dynamic Technology Lab Private Ltd grew its position in Avino Silver & Gold Mines by 18.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after buying an additional 4,904 shares during the period. Finally, Euro Pacific Asset Management LLC purchased a new position in Avino Silver & Gold Mines in the first quarter valued at about $63,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

(Get Free Report)

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.

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