Avino Silver & Gold Mines (NYSE:ASM) Earns Buy Rating from HC Wainwright

Avino Silver & Gold Mines (NYSE:ASM)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Friday,Benzinga reports. They currently have a $12.50 target price on the stock. HC Wainwright’s price objective points to a potential upside of 61.29% from the stock’s previous close.

Several other equities research analysts have also recently commented on ASM. Roth Mkm lifted their price target on shares of 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. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Finally, iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock Up 7.6%

Shares of NYSE:ASM opened at $7.75 on Friday. Avino Silver & Gold Mines has a one year low of $1.85 and a one year high of $11.99. The company has a 50 day moving average of $7.71 and a 200-day moving average of $6.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 387.69 and a beta of 1.79.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Trek Financial LLC lifted its stake in Avino Silver & Gold Mines by 129.7% in the third quarter. Trek Financial LLC now owns 1,046,742 shares of the company’s stock valued at $5,495,000 after buying an additional 591,121 shares in the last quarter. TD Asset Management Inc bought a new position in Avino Silver & Gold Mines in the third quarter valued at approximately $909,000. Alps Advisors Inc. lifted its stake in Avino Silver & Gold Mines by 69.9% in the third quarter. Alps Advisors Inc. now owns 248,158 shares of the company’s stock valued at $1,303,000 after buying an additional 102,113 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $972,000. Finally, Van ECK Associates Corp bought a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $28,208,000. 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.