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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.55, but opened at $4.75. Avino Silver & Gold Mines shares last traded at $4.4850, with a volume of 1,774,382 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASM. 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 report on Monday, November 3rd. Roth Capital set a $5.50 price target on Avino Silver & Gold Mines in a report on Wednesday, October 15th. Finally, Zacks Research upgraded Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $4.97.

Avino Silver & Gold Mines Stock Performance

The business has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $4.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a market cap of $694.08 million, a PE ratio of 225.86 and a beta of 1.55.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. raised its position in shares of 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 purchasing an additional 38,002 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Avino Silver & Gold Mines during the first quarter valued at about $292,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Avino Silver & Gold Mines in the first quarter valued at about $118,000. Sprott Inc. boosted its stake in shares of Avino Silver & Gold Mines by 4.2% in the first quarter. Sprott Inc. now owns 261,850 shares of the company’s stock worth $482,000 after acquiring an additional 10,450 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Avino Silver & Gold Mines during the first quarter worth about $134,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

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.