Avino Silver & Gold Mines (NYSE:ASM) Reaches New 12-Month High - Should You Buy?

Key Points

• Avino Silver & Gold Mines reached a new 52-week high of $5.64, with its stock trading at $5.36 after significant volume of over 1.76 million shares.
• Analysts maintain a generally positive outlook with a mix of ratings, including three "Buy" ratings and two "Hold" ratings, along with a new average price target of $3.45.
• Several hedge funds have increased their stakes in Avino, including a notable purchase by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. worth approximately $15.1 million.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $5.64 and last traded at $5.36, with a volume of 1763348 shares trading hands. The stock had previously closed at $5.36.

Analysts Set New Price Targets

Several analysts have recently weighed in on ASM shares. HC Wainwright reiterated a "buy" rating and issued a $4.80 price objective on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Zacks Research lowered shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Roth Capital set a $5.00 price target on shares of Avino Silver & Gold Mines and gave the company a "neutral" rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $3.45.

Avino Silver & Gold Mines Price Performance

The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a market cap of $822.54 million, a P/E ratio of 271.89 and a beta of 1.58. The firm's fifty day moving average price is $4.30 and its 200-day moving average price is $3.67.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Avino Silver & Gold Mines in the 2nd quarter worth about $15,116,000. Tidal Investments LLC raised its holdings in shares of Avino Silver & Gold Mines by 11.6% during the 2nd quarter. Tidal Investments LLC now owns 3,709,669 shares of the company's stock worth $13,355,000 after acquiring an additional 385,245 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company's stock worth $11,069,000 after acquiring an additional 2,691,743 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $6,194,000. Finally, U S Global Investors Inc. purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $3,836,000. Hedge funds and other institutional investors own 3.11% of the company's stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

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