Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Up - Time to Buy?

Key Points

• Avino Silver & Gold Mines shares gapped up at the open from $5.97 to $6.40 and were last trading around $6.20 on roughly 1.64 million shares, a near-term rise of about 2.8%.
• Analysts have raised targets recently—most notably HC Wainwright to $12.50 and Roth MKM to $7.25—leaving a MarketBeat consensus rating of Moderate Buy with a $9.50 consensus price target.
• The company has a market cap of $1.02 billion, very low debt (debt/equity 0.01) and healthy liquidity ratios, and several hedge funds have recently increased positions while institutional ownership is about 3.11%.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.97, but opened at $6.40. Avino Silver & Gold Mines shares last traded at $6.1950, with a volume of 1,640,439 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Mkm upped 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. HC Wainwright increased their target price on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a "buy" rating in a report on Friday, January 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Finally, iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Avino Silver & Gold Mines presently has an average rating of "Moderate Buy" and a consensus target price of $9.50.

Avino Silver & Gold Mines Trading Up 2.8%

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The company has a fifty day moving average of $8.49 and a 200-day moving average of $6.45. The firm has a market capitalization of $1.02 billion, a PE ratio of 307.90 and a beta of 1.57.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASM. Trek Financial LLC grew its position in shares of Avino Silver & Gold Mines by 129.7% in the third quarter. Trek Financial LLC now owns 1,046,742 shares of the company's stock valued at $5,495,000 after purchasing an additional 591,121 shares during the last quarter. Alps Advisors Inc. boosted its stake in Avino Silver & Gold Mines by 69.9% during the 3rd quarter. Alps Advisors Inc. now owns 248,158 shares of the company's stock valued at $1,303,000 after purchasing an additional 102,113 shares during the period. TD Asset Management Inc acquired a new stake in Avino Silver & Gold Mines in the 3rd quarter valued at approximately $909,000. Arrowstreet Capital Limited Partnership increased its position in Avino Silver & Gold Mines by 702.7% in 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 period. Finally, Mackenzie Financial Corp acquired a new position in shares of Avino Silver & Gold Mines during the second quarter worth approximately $6,194,000. Institutional investors and hedge funds own 3.11% of the company's stock.

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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