Avino Silver & Gold Mines (NYSE:ASM) Shares Up 7.6% – Time to Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASMGet Free Report)’s share price shot up 7.6% on Friday . The company traded as high as $6.46 and last traded at $6.4350. 5,666,306 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 5,713,434 shares. The stock had previously closed at $5.98.

Analyst Ratings Changes

A number of research firms have weighed in on ASM. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. HC Wainwright raised their price objective on Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

Check Out Our Latest Stock Analysis on ASM

Avino Silver & Gold Mines Stock Performance

The firm has a fifty day simple moving average of $6.84 and a 200-day simple moving average of $7.18. The company has a market cap of $1.08 billion, a PE ratio of 319.66 and a beta of 1.69. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in shares of Avino Silver & Gold Mines by 1,137.6% during the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after buying an additional 3,868 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Avino Silver & Gold Mines during the first quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth about $37,000. Harbor Investment Advisory LLC purchased a new position in shares of Avino Silver & Gold Mines during the first quarter worth about $44,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

(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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