Avino Silver & Gold Mines (NYSE:ASM) Shares Up 6.1% - Still a Buy?

Key Points

• Avino Silver & Gold Mines shares rose 6.1% to about $5.50 in Friday trading, though volume was roughly 75% below the average session level.
• Analyst sentiment is favorable: four analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $8.75.
• The company has a $906 million market capitalization and minimal debt, but trades at a high price-to-earnings ratio of 266.38; institutional investors own just 3.11% of outstanding shares.

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) traded up 6.1% on Friday. The stock traded as high as $5.51 and last traded at $5.5040. Approximately 1,178,963 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,805,581 shares. The stock had previously closed at $5.19.

Wall Street Analyst Weigh In

ASM has been the topic of a number of research reports. National Bank Financial initiated coverage on shares of Avino Silver & Gold Mines in a report on Thursday, October 8th. They issued an "outperform" rating on the stock. Roth Capital raised shares of Avino Silver & Gold Mines from a "neutral" rating to a "buy" rating and lowered their price target for the company from $8.00 to $7.00 in a report on Friday. Finally, HC Wainwright upped their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $8.75.

Avino Silver & Gold Mines Stock Up 2.8%

The company has a market capitalization of $906.01 million, a price-to-earnings ratio of 266.38 and a beta of 1.79. 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 firm's 50 day simple moving average is $6.54 and its 200-day simple moving average is $6.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ASM. PNC Financial Services Group Inc. bought a new position in Avino Silver & Gold Mines in the first quarter worth about $29,000. Harbor Investment Advisory LLC bought a new stake in shares of Avino Silver & Gold Mines during the first quarter valued at about $44,000. Euro Pacific Asset Management LLC bought a new position in shares of Avino Silver & Gold Mines in the first quarter valued at approximately $63,000. Deutsche Bank AG acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at $80,000. Finally, Quantbot Technologies LP acquired a new stake in Avino Silver & Gold Mines during the second quarter valued at approximately $91,000. 3.11% of the stock is owned by institutional investors and hedge funds.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Canadian mining company engaged in the acquisition, exploration, development and operation of precious- and base-metal properties. The company's principal products are silver, gold and copper, with its activities focused primarily on projects in Mexico and Canada.

Avino's core operation is the Avino Mine, located near Durango, Mexico. The property has a long operating history and includes multiple deposits and mining areas, including the Avino and San Gonzalo zones.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.