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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped up before the market opened on Friday . The stock had previously closed at $7.83, but opened at $8.13. Avino Silver & Gold Mines shares last traded at $8.8680, with a volume of 2,907,683 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASM. Industrial Alliance Securities set a $8.75 target price on shares of Avino Silver & Gold Mines in a research report on Friday. Zacks Research lowered Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Roth Mkm lifted their price objective on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Friday. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday. Finally, HC Wainwright upped their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The business’s fifty day moving average is $6.08 and its two-hundred day moving average is $5.01. The company has a market capitalization of $1.51 billion, a PE ratio of 467.73 and a beta of 1.60. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Institutional Trading of Avino Silver & Gold Mines

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Avino Silver & Gold Mines during the 1st quarter worth $134,000. Dynamic Technology Lab Private Ltd boosted 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 buying an additional 4,904 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Avino Silver & Gold Mines by 208.7% during the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock valued at $385,000 after purchasing an additional 141,594 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Avino Silver & Gold Mines in the 1st quarter valued at approximately $669,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth about $231,000. Institutional investors own 3.11% of the company’s stock.

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.