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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.47, but opened at $10.38. Avino Silver & Gold Mines shares last traded at $10.3510, with a volume of 1,346,110 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Industrial Alliance Securities set a $8.75 target price on Avino Silver & Gold Mines in a research note on Friday, January 23rd. HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The stock has a market capitalization of $1.71 billion, a P/E ratio of 522.81 and a beta of 1.60. The stock has a 50 day moving average of $6.75 and a 200 day moving average of $5.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ASM. SBI Securities Co. Ltd. grew its stake in shares of Avino Silver & Gold Mines by 42.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock worth $44,000 after purchasing an additional 2,515 shares during the last quarter. Pinion Investment Advisors LLC lifted its position in shares of Avino Silver & Gold Mines by 26.0% during the 3rd quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after acquiring an additional 2,940 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Avino Silver & Gold Mines by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after acquiring an additional 3,200 shares during the last quarter. Stone House Investment Management LLC raised its position 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 purchasing an additional 3,868 shares during the period. Finally, Rathbones Group PLC lifted its holdings in shares of Avino Silver & Gold Mines by 21.1% during the third quarter. Rathbones Group PLC now owns 25,550 shares of the company’s stock valued at $134,000 after purchasing an additional 4,450 shares during the last quarter. 3.11% of the stock is owned by institutional investors and hedge funds.

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.