Avino Silver & Gold Mines (NYSE:ASM) Sets New 12-Month High - What's Next?

Key Points

• Avino shares reached a new 52-week high of $7.09 (last $7.04) on heavy volume of 8,828,410 shares, giving the company a market capitalization of about $1.14 billion.
• Analyst coverage is mixed: the consensus rating is Hold (one Buy, two Holds) with a consensus price target of $6.55, though HC Wainwright raised its target to $7.60.
• Several hedge funds materially increased positions in the third quarter (e.g., Tidal, Mackenzie, MIRAE, Arrowstreet, VanEck) even as institutional ownership remains low at 3.11%; the stock also shows a high P/E of 352.18, suggesting elevated valuation risk.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price reached a new 52-week high during trading on Saturday . The stock traded as high as $7.09 and last traded at $7.04, with a volume of 8828410 shares trading hands. The stock had previously closed at $6.86.

Analyst Upgrades and Downgrades

ASM has been the subject of several research reports. Zacks Research cut Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 19th. HC Wainwright lifted their target price on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a "buy" rating in a report on Monday, November 3rd. Finally, Roth Capital set a $5.50 price target on shares of Avino Silver & Gold Mines in a research note on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.55.

Avino Silver & Gold Mines Trading Up 2.6%

The stock has a market capitalization of $1.14 billion, a P/E ratio of 352.18 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $5.79 and a two-hundred day moving average price of $4.85.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently bought and sold shares of ASM. Tidal Investments LLC increased its stake in Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company's stock valued at $37,840,000 after acquiring an additional 3,497,923 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Avino Silver & Gold Mines by 239.7% in the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company's stock valued at $30,651,000 after purchasing an additional 4,124,392 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Avino Silver & Gold Mines by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company's stock valued at $30,592,000 after purchasing an additional 1,621,634 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Avino Silver & Gold Mines during the 3rd quarter worth $28,208,000. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 buying an additional 2,691,743 shares during the last quarter. 3.11% of the stock is 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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