Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Up – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $6.25, but opened at $6.60. Avino Silver & Gold Mines shares last traded at $6.6250, with a volume of 1,550,187 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASM shares. Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. HC Wainwright increased their price objective on shares of Avino Silver & Gold Mines from $6.10 to $7.60 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.55.

Avino Silver & Gold Mines Price Performance

The stock has a 50-day moving average price of $5.55 and a 200 day moving average price of $4.76. The firm has a market capitalization of $1.03 billion, a PE ratio of 328.91 and a beta of 1.60. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Avino Silver & Gold Mines during the 1st quarter worth approximately $134,000. Dynamic Technology Lab Private Ltd grew its position in Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after purchasing an additional 4,904 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Avino Silver & Gold Mines by 208.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock valued at $385,000 after acquiring an additional 141,594 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Avino Silver & Gold Mines during the first quarter worth approximately $669,000. Finally, Baader Bank Aktiengesellschaft lifted its stake in shares of Avino Silver & Gold Mines by 21.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 205,799 shares of the company’s stock worth $710,000 after acquiring an additional 36,363 shares during the period. Hedge funds and other institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.