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

Key Points

• Avino Silver & Gold Mines shares opened higher, rising from a previous close of $7.01 to $7.25 and later trading around $7.51.
• Analysts have a “Moderate Buy” consensus with an average price target of $8.92. HC Wainwright raised its target to $10.50 with a Buy rating, while Roth Capital lifted its target to $7.50 but maintained a Neutral rating.
• Several institutional investors increased their positions, including Tidal Investments, Mackenzie Financial and Jane Street, although institutional investors collectively own just 3.11% of the company.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.01, but opened at $7.25. Avino Silver & Gold Mines shares last traded at $7.5110, with a volume of 483,005 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASM. Roth Capital raised their target price on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. HC Wainwright boosted their price target on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $8.92.

Avino Silver & Gold Mines Price Performance

The business has a fifty day moving average price of $6.42 and a 200-day moving average price of $6.90. 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 market capitalization of $1.26 billion, a PE ratio of 369.78 and a beta of 1.76.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ASM. Tidal Investments LLC boosted its stake 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 valued at $37,840,000 after purchasing an additional 3,497,923 shares in the last quarter. Mackenzie Financial Corp raised its position in 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 worth $30,651,000 after purchasing an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Avino Silver & Gold Mines by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company's stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the last quarter. Jane Street Group LLC lifted 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 during the last quarter. Finally, Man Group plc boosted its position in Avino Silver & Gold Mines by 24.6% during the fourth quarter. Man Group plc now owns 1,217,087 shares of the company's stock valued at $7,558,000 after buying an additional 240,109 shares during the period. 3.11% of the stock is owned by hedge funds and other 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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