Avino Silver & Gold Mines (NYSE:ASM) Stock Price Up 0.9% – Should You Buy?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price rose 0.9% during trading on Wednesday . The stock traded as high as $1.18 and last traded at $1.16. Approximately 1,367,214 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 2,268,400 shares. The stock had previously closed at $1.15.

Wall Street Analysts Forecast Growth

ASM has been the topic of a number of research analyst reports. Alliance Global Partners raised their price target on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the stock a “buy” rating in a research note on Friday, October 18th. Roth Mkm reissued a “buy” rating and set a $1.80 price objective (down from $1.90) on shares of Avino Silver & Gold Mines in a research note on Thursday, November 14th. Finally, HC Wainwright lifted their target price on Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a report on Thursday, November 14th.

Avino Silver & Gold Mines Stock Performance

The stock’s 50-day moving average is $1.11 and its 200-day moving average is $1.15. 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 cap of $164.37 million, a price-to-earnings ratio of 58.50 and a beta of 1.92.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Large investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in shares of Avino Silver & Gold Mines by 276.3% during the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after acquiring an additional 28,771 shares in the last quarter. XTX Topco Ltd acquired a new stake in Avino Silver & Gold Mines in the 3rd quarter valued at $100,000. Rathbones Group PLC purchased a new position in Avino Silver & Gold Mines in the second quarter valued at about $135,000. Marshall Wace LLP acquired a new position in shares of Avino Silver & Gold Mines during the second quarter worth about $165,000. Finally, Tidal Investments LLC boosted its position in shares of Avino Silver & Gold Mines by 105.2% in the third quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock worth $7,590,000 after buying an additional 3,537,466 shares during the period. Institutional investors and hedge funds own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.