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 Monday . The stock had previously closed at $6.42, but opened at $6.76. Avino Silver & Gold Mines shares last traded at $6.8940, with a volume of 924,521 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a report on Wednesday, October 15th. HC Wainwright boosted their target price on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of “Hold” and an average target price of $6.55.

Avino Silver & Gold Mines Stock Up 8.0%

The business’s fifty day moving average price is $5.21 and its 200 day moving average price is $4.45. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 346.92 and a beta of 1.67. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in Avino Silver & Gold Mines by 94.3% during the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock valued at $37,840,000 after acquiring an additional 3,497,923 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Avino Silver & Gold Mines by 239.7% in the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after purchasing an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Avino Silver & Gold Mines by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Avino Silver & Gold Mines during the third quarter worth approximately $28,208,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Avino Silver & Gold Mines by 702.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock worth $11,069,000 after acquiring an additional 2,691,743 shares during the period. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

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.