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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped down prior to trading on Friday . The stock had previously closed at $4.79, but opened at $4.36. Avino Silver & Gold Mines shares last traded at $4.7250, with a volume of 1,355,730 shares changing hands.

Analyst Ratings Changes

ASM has been the subject of a number of recent analyst reports. HC Wainwright lifted their price target on shares of 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. Zacks Research upgraded shares of Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $6.55.

Avino Silver & Gold Mines Price Performance

The company’s 50-day moving average price is $4.90 and its 200-day moving average price is $4.08. 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 firm has a market cap of $735.58 million, a price-to-earnings ratio of 239.37 and a beta of 1.55.

Institutional Trading of Avino Silver & Gold Mines

A number of large investors have recently modified their holdings of ASM. Pinion Investment Advisors LLC acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at $41,000. Global Retirement Partners LLC purchased a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter valued at approximately $44,000. SBI Securities Co. Ltd. raised its holdings in shares of Avino Silver & Gold Mines by 42.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after purchasing an additional 2,515 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after purchasing an additional 4,904 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Avino Silver & Gold Mines during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.