Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Up – Still a Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped up prior to trading on Monday . The stock had previously closed at $5.60, but opened at $5.81. Avino Silver & Gold Mines shares last traded at $5.6670, with a volume of 1,840,450 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. HC Wainwright upped their target price on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research cut shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Roth Capital set a $5.50 target price on shares of Avino Silver & Gold Mines in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of “Hold” and a consensus price target of $6.55.

Avino Silver & Gold Mines Price 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 simple moving average of $5.02 and a 200-day simple moving average of $4.24. The stock has a market cap of $839.35 million, a price-to-earnings ratio of 273.14 and a beta of 1.67.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently bought and sold shares of ASM. Pinion Investment Advisors LLC bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth about $41,000. Global Retirement Partners LLC acquired a new stake in Avino Silver & Gold Mines during the third quarter worth about $44,000. SBI Securities Co. Ltd. grew its position in Avino Silver & Gold Mines by 42.4% during the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock worth $44,000 after buying an additional 2,515 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Avino Silver & Gold Mines by 18.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock valued at $58,000 after acquiring an additional 4,904 shares during the period. Finally, Bryn Mawr Trust Advisors LLC bought a new position in Avino Silver & Gold Mines during the third quarter valued at about $63,000. 3.11% of the stock is owned by institutional investors.

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.