Avino Silver & Gold Mines (NYSE:ASM) Trading 8.5% Higher - Still a Buy?

Key Points

• Shares jumped 8.5% intraday to $7.815 (high $7.93) from a $7.20 close on Friday, but trading volume was about 70% below the recent average at ~1.86 million shares.
• Analyst coverage is mixed-to-bullish with two Buys and two Holds, a consensus rating of "Moderate Buy" and an average target of $9.50; notable targets include HC Wainwright $12.50 and Roth MKM $7.25 (raised).
• Company fundamentals show a market cap of $1.31 billion, a current ratio of 2.36 and minimal leverage (debt/equity 0.01), and several large funds (Tidal, Mackenzie, Mirae, VanEck, Jane Street) have recently increased positions despite institutional ownership being reported at 3.11%.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares shot up 8.5% during mid-day trading on Friday . The stock traded as high as $7.93 and last traded at $7.8150. 1,855,880 shares traded hands during trading, a decline of 70% from the average session volume of 6,264,828 shares. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Roth Mkm raised their price objective on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. HC Wainwright restated a "buy" rating and set a $12.50 price objective on shares of Avino Silver & Gold Mines in a research report on Friday. iA Financial set a $8.75 target price on Avino Silver & Gold Mines in a research note 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

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 stock has a fifty day moving average price of $7.76 and a 200-day moving average price of $6.67. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 387.94 and a beta of 1.79.

Institutional Trading of Avino Silver & Gold Mines

Several hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Avino Silver & Gold Mines by 94.3% in the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company's stock worth $37,840,000 after acquiring an additional 3,497,923 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Avino Silver & Gold Mines by 239.7% during 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. raised its position in 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 bought a new position in Avino Silver & Gold Mines in the 3rd quarter valued at $28,208,000. Finally, Jane Street Group LLC boosted its stake in Avino Silver & Gold Mines by 1,135.9% in the fourth quarter. Jane Street Group LLC now owns 1,243,074 shares of the company's stock worth $7,719,000 after purchasing an additional 1,142,492 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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