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

Key Points

• Shares of Avino Silver & Gold Mines gapped up Monday, opening at $6.76 after a $6.42 close and last trading near $6.89 on volume of about 924,521 shares.
• Analysts show a consensus rating of Hold with a $6.55 consensus price target; HC Wainwright upgraded to a "Buy" with a $7.60 target while Zacks cut its rating to "Hold."
• The company has a market cap of $1.09 billion and a high trailing PE of 346.92, and institutional buying stepped up recently (notably Tidal Investments increased its stake to ~7.21M shares), although institutions are reported to own about 3.11% of the stock.

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) 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 traded.

Analyst Ratings Changes

ASM has been the topic of several research analyst reports. Zacks Research lowered shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 19th. Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. Finally, HC Wainwright boosted their price target on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a "buy" rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Avino Silver & Gold Mines presently has a consensus rating of "Hold" and a consensus price target of $6.55.

Avino Silver & Gold Mines Stock Performance

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 firm has a fifty day moving average price of $5.21 and a 200 day moving average price of $4.45. The firm has a market cap of $1.09 billion, a PE ratio of 346.92 and a beta of 1.67.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its position in Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company's stock valued at $37,840,000 after buying an additional 3,497,923 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter valued at approximately $465,000. Millennium Management LLC lifted its holdings in shares of Avino Silver & Gold Mines by 278.5% in the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company's stock worth $5,387,000 after acquiring an additional 755,189 shares during the last quarter. Mindset Wealth Management LLC purchased a new position in shares of Avino Silver & Gold Mines during the third quarter worth $65,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Avino Silver & Gold Mines by 38.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company's stock valued at $30,592,000 after acquiring an additional 1,621,634 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.

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