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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on ASM shares. HC Wainwright boosted their target price on shares of Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research note 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 report on Wednesday, November 19th. Finally, Roth Capital set a $5.50 price target on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.55.

Avino Silver & Gold Mines Trading Up 4.7%

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 firm has a 50-day moving average of $5.55 and a 200 day moving average of $4.76. The company has a market cap of $1.03 billion, a P/E ratio of 328.91 and a beta of 1.60.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of ASM. SBI Securities Co. Ltd. raised 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 valued at $44,000 after purchasing an additional 2,515 shares in the last quarter. Global Retirement Partners LLC bought a new position in Avino Silver & Gold Mines in the 3rd quarter worth $44,000. Pinion Investment Advisors LLC bought a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter valued at about $41,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Avino Silver & Gold Mines in the third quarter worth $63,000. Finally, Mindset Wealth Management LLC purchased a new stake in Avino Silver & Gold Mines in the third quarter worth about $65,000. 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.