Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 6.8% - Here's What Happened

Key Points

• Shares of Avino Silver & Gold Mines rose 6.8% to about $6.08 mid-day, with 1.32 million shares traded — roughly an 81% decline from its average session volume.
• Analysts are mixed-to-bullish: two Buy and two Hold ratings give a MarketBeat consensus of “Moderate Buy” with an average target of $9.50, and notable upgrades include HC Wainwright raising its target to $12.50.
• The company has a market cap of roughly $995 million, a high P/E of 298, very low debt-to-equity (0.01) and solid liquidity (current ratio 2.36), while the 50-day moving average ($8.46) remains above the current share price.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price shot up 6.8% during mid-day trading on Friday . The stock traded as high as $6.08 and last traded at $6.0750. 1,317,914 shares were traded during trading, a decline of 81% from the average session volume of 6,792,389 shares. The stock had previously closed at $5.69.

Analyst Ratings Changes

Several equities analysts recently commented on ASM shares. iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Roth Mkm boosted their target price on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a "neutral" rating in a research note on Friday, January 23rd. HC Wainwright upped their price target on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a "buy" rating in a report on Friday, January 23rd. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The stock's 50 day moving average price is $8.46 and its 200 day moving average price is $6.44. 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 company has a market capitalization of $995.48 million, a P/E ratio of 298.30 and a beta of 1.57.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several large investors have recently added to or reduced their stakes in ASM. Caitong International Asset Management Co. Ltd increased its holdings in Avino Silver & Gold Mines by 1,244.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 28,287 shares of the company's stock worth $176,000 after purchasing an additional 26,183 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth approximately $86,000. Oxford Asset Management LLP acquired a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth approximately $276,000. Man Group plc increased its stake in shares of Avino Silver & Gold Mines by 24.6% in the 4th quarter. Man Group plc now owns 1,217,087 shares of the company's stock valued at $7,558,000 after acquiring an additional 240,109 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Avino Silver & Gold Mines by 10.8% in the 4th quarter. Engineers Gate Manager LP now owns 134,996 shares of the company's stock valued at $838,000 after acquiring an additional 13,130 shares in the last quarter. Institutional investors and hedge funds own 3.11% of the company's stock.

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.

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