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

Avino Silver & Gold Mines Ltd. (NYSE:ASMGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.01, but opened at $7.25. Avino Silver & Gold Mines shares last traded at $7.5110, with a volume of 483,005 shares.

Analyst Ratings Changes

Several research analysts recently commented on ASM shares. HC Wainwright raised their price target on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Roth Capital increased their price objective on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.92.

Get Our Latest Analysis on Avino Silver & Gold Mines

Avino Silver & Gold Mines Stock Up 2.5%

The stock has a market capitalization of $1.31 billion, a P/E ratio of 384.69 and a beta of 1.82. The stock’s 50 day simple moving average is $6.49 and its 200 day simple moving average is $6.87. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several large investors have recently added to or reduced their stakes in ASM. PNC Financial Services Group Inc. bought a new stake in Avino Silver & Gold Mines during the first quarter valued at $29,000. Harbor Investment Advisory LLC bought a new stake in shares of Avino Silver & Gold Mines during the 1st quarter valued at about $44,000. Banque Cantonale Vaudoise bought a new stake in shares of Avino Silver & Gold Mines during the 4th quarter valued at about $44,000. Dynamic Technology Lab Private Ltd lifted its holdings in Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after acquiring an additional 4,904 shares during the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new position in Avino Silver & Gold Mines in the first quarter valued at approximately $63,000. 3.11% of the stock is currently owned by institutional investors.

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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