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

by · The Cerbat Gem

Avino Silver & Gold Mines Ltd. (NYSE:ASM – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $5.94, but opened at $6.24. Avino Silver & Gold Mines shares last traded at $5.9640, with a volume of 932,472 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on ASM shares. HC Wainwright upped their price objective on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the company a “buy” rating in a research note on Monday, November 3rd. Zacks Research downgraded 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 target price on shares of Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.55.

Read Our Latest Analysis on ASM

Avino Silver & Gold Mines Stock Up 1.9%

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 company has a market cap of $952.60 million, a P/E ratio of 301.90 and a beta of 1.67. The company has a fifty day moving average of $5.12 and a 200 day moving average of $4.36.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Institutional investors have recently modified their holdings of the stock. Pinion Investment Advisors LLC purchased a new stake in Avino Silver & Gold Mines during the second quarter worth $41,000. Global Retirement Partners LLC acquired a new position in shares of Avino Silver & Gold Mines in the third quarter worth about $44,000. SBI Securities Co. Ltd. grew its stake in Avino Silver & Gold Mines by 42.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after acquiring an additional 2,515 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Avino Silver & Gold Mines by 18.5% in 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 last quarter. Finally, Bryn Mawr Trust Advisors LLC acquired a new position in shares of Avino Silver & Gold Mines during the 3rd quarter worth approximately $63,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Company Profile

(Get Free Report)

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

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