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

Avino Silver & Gold Mines logo with Basic Materials background

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

Analyst Upgrades and Downgrades

Several research firms have commented on ASM. HC Wainwright lifted their price target on Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Roth Capital reaffirmed a "neutral" rating and set a $3.50 price target on shares of Avino Silver & Gold Mines in a research report on Tuesday, July 1st. Finally, Wall Street Zen lowered Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $2.58.

Get Our Latest Stock Report on ASM

Avino Silver & Gold Mines Stock Performance

The firm has a market cap of $625.84 million, a price-to-earnings ratio of 214.61 and a beta of 1.66. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $3.53 and a 200-day moving average price of $2.68.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd increased its holdings in shares of Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after purchasing an additional 4,904 shares during the period. Mariner LLC acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth $41,000. Northwest & Ethical Investments L.P. acquired a new position in Avino Silver & Gold Mines during the first quarter worth $118,000. Cubist Systematic Strategies LLC acquired a new position in Avino Silver & Gold Mines during the first quarter worth $134,000. Finally, Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth $67,000. Institutional investors and hedge funds own 3.11% of the company's stock.

About Avino Silver & Gold Mines

(Get Free Report)

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.

Further Reading

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