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

Key Points

• HC Wainwright reissued a Buy rating on Avino Silver & Gold Mines (NYSE:ASM) with a $12.50 price target, implying roughly a 73.6% upside from the prior close.
• The analyst consensus is a Moderate Buy with an average price target of $9.50; two analysts rate the stock Buy and two rate it Hold, reflecting mixed but generally positive sentiment.
• Shares opened at $7.20 with a $1.21 billion market cap and an elevated PE of 360; the 52-week range is $1.85–$11.99 and institutional ownership is low at 3.11%.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $12.50 price target on the stock. HC Wainwright's target price indicates a potential upside of 73.61% from the company's previous close.

ASM has been the topic of a number of other reports. Alliance Global Partners reiterated a "buy" rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Finally, Roth Mkm increased their price objective on 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock Up 0.6%

NYSE ASM opened at $7.20 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 360.18 and a beta of 1.79. Avino Silver & Gold Mines has a one year low of $1.85 and a one year high of $11.99. The stock's 50 day simple moving average is $7.76 and its 200 day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stone House Investment Management LLC boosted its position in Avino Silver & Gold Mines by 1,137.6% in the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company's stock valued at $26,000 after buying an additional 3,868 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Avino Silver & Gold Mines in the 4th quarter valued at $37,000. Banque Cantonale Vaudoise bought a new position in Avino Silver & Gold Mines in the 4th quarter valued at $44,000. SBI Securities Co. Ltd. boosted its position in 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 valued at $44,000 after buying an additional 2,515 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Avino Silver & Gold Mines in the 3rd quarter valued at $44,000. 3.11% of the stock is currently owned by institutional investors.

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.

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