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

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) 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 trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASM shares. Roth Mkm reissued a “neutral” rating and issued a $8.00 price target on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Finally, HC Wainwright boosted their price target on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Avino Silver & Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of $9.92.

Avino Silver & Gold Mines Stock Performance

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

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASM. Van ECK Associates Corp acquired a new position in Avino Silver & Gold Mines in the 3rd quarter worth $28,208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Avino Silver & Gold Mines in the 2nd quarter worth $15,116,000. Mackenzie Financial Corp boosted its stake in Avino Silver & Gold Mines by 239.7% in the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after purchasing an additional 4,124,392 shares during the period. Tidal Investments LLC boosted its stake in Avino Silver & Gold Mines by 94.3% in the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after purchasing an additional 3,497,923 shares during the period. Finally, Jane Street Group LLC boosted its stake in Avino Silver & Gold Mines by 1,135.9% in the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock worth $7,719,000 after purchasing an additional 1,142,492 shares during the period. 3.11% of the stock is owned by institutional investors and hedge funds.

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.