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

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 traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ASM shares. HC Wainwright boosted their target price on 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 lowered Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Roth Capital set a $5.50 price objective on shares of Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Avino Silver & Gold Mines presently has an average rating of “Hold” and a consensus target price of $6.55.

Avino Silver & Gold Mines Trading Up 2.6%

The stock has a 50-day moving average of $5.68 and a 200 day moving average of $4.82. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.08 billion, a PE ratio of 334.17 and a beta of 1.60.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASM. SBI Securities Co. Ltd. boosted its holdings in Avino Silver & Gold Mines by 42.4% in 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 during the last quarter. Pinion Investment Advisors LLC lifted its holdings in shares of Avino Silver & Gold Mines by 26.0% in the 3rd quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after buying an additional 2,940 shares during the period. Prudential Financial Inc. boosted its stake in shares of Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after buying an additional 3,200 shares during the last quarter. Rathbones Group PLC grew its holdings in Avino Silver & Gold Mines by 21.1% during the third quarter. Rathbones Group PLC now owns 25,550 shares of the company’s stock worth $134,000 after acquiring an additional 4,450 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings 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 worth $58,000 after acquiring an additional 4,904 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.