Avino Silver & Gold Mines (NYSE:ASM) Trading 5.6% Higher - Still a Buy?

Key Points

• Avino Silver & Gold Mines shares rose 5.6% to $4.62, although trading volume decreased significantly to 893,970 shares, down 78% from the average.
• Roth Capital raised its price target for the company from $3.50 to $3.60, maintaining a "neutral" rating, while HC Wainwright set a higher target of $4.80 with a "buy" rating.
• Institutional investors are actively increasing their stakes in Avino, with Prudential Financial and Dynamic Technology Lab among those boosting their holdings recently.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares rose 5.6% on Friday . The stock traded as high as $4.61 and last traded at $4.62. Approximately 893,970 shares were traded during trading, a decline of 78% from the average daily volume of 4,018,082 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

ASM has been the subject of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $4.80 target price on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Roth Capital raised their target price on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.10.

Avino Silver & Gold Mines Stock Up 1.7%

The company's fifty day moving average price is $3.98 and its 200-day moving average price is $3.45. The stock has a market cap of $714.53 million, a P/E ratio of 236.62 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth about $15,116,000. Tidal Investments LLC lifted its holdings in shares of Avino Silver & Gold Mines by 11.6% in 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in 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 valued at $11,069,000 after buying an additional 2,691,743 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at about $6,194,000. Finally, U S Global Investors Inc. bought a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at about $3,836,000. Institutional investors own 3.11% of the company's stock.

Avino Silver & Gold Mines Company Profile

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.