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 $6.39, but opened at $6.96. Avino Silver & Gold Mines shares last traded at $7.1150, with a volume of 1,149,453 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. HC Wainwright lifted their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Stock Up 6.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm’s 50-day moving average is $6.84 and its two-hundred day moving average is $7.19. The stock has a market cap of $1.16 billion, a P/E ratio of 342.92 and a beta of 1.69.

Institutional Trading of Avino Silver & Gold Mines

Institutional investors have recently bought and sold shares of the business. Mariner LLC grew its holdings in shares of Avino Silver & Gold Mines by 4.5% in the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock valued at $301,000 after buying an additional 2,090 shares during the period. LPL Financial LLC grew its holdings in shares of Avino Silver & Gold Mines by 0.9% in the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after buying an additional 2,587 shares during the period. Prudential Financial Inc. grew its holdings in shares of Avino Silver & Gold Mines by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after buying an additional 3,200 shares during the period. Stone House Investment Management LLC grew its holdings in shares of Avino Silver & Gold Mines by 1,137.6% in the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after buying an additional 3,868 shares during the period. Finally, Mindset Wealth Management LLC grew its holdings in shares of Avino Silver & Gold Mines by 32.4% in the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds 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.