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

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped up before the market opened on Monday . The stock had previously closed at $4.22, but opened at $4.38. Avino Silver & Gold Mines shares last traded at $4.24, with a volume of 2,003,861 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Avino Silver & Gold Mines from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. HC Wainwright upped their target price on Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $3.50 target price on shares of Avino Silver & Gold Mines in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.58.

Avino Silver & Gold Mines Stock Performance

The stock has a market cap of $620.73 million, a P/E ratio of 212.86 and a beta of 1.66. The business has a 50 day moving average price of $3.53 and a 200 day moving average price of $2.68. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted 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 valued at $58,000 after acquiring an additional 4,904 shares in the last quarter. Sprott Inc. boosted its position in Avino Silver & Gold Mines by 4.2% during the 1st quarter. Sprott Inc. now owns 261,850 shares of the company’s stock valued at $482,000 after acquiring an additional 10,450 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Avino Silver & Gold Mines by 12.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company’s stock valued at $346,000 after acquiring an additional 20,900 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its position in Avino Silver & Gold Mines by 21.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 205,799 shares of the company’s stock valued at $710,000 after acquiring an additional 36,363 shares in the last quarter. Finally, Alps Advisors Inc. boosted its position in Avino Silver & Gold Mines by 70.3% during the 1st quarter. Alps Advisors Inc. now owns 92,088 shares of the company’s stock valued at $169,000 after acquiring an additional 38,002 shares in the last quarter. Institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

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.