Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Trading 6.4% Higher

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Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) shot up 6.4% during trading on Monday . The stock traded as high as $1.16 and last traded at $1.16. 1,225,476 shares traded hands during trading, a decline of 1% from the average session volume of 1,240,462 shares. The stock had previously closed at $1.09.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a report on Monday, August 17th. Roth Capital lifted their price target on shares of Avino Silver & Gold Mines from $1.40 to $1.60 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $1.00 to $1.50 and gave the company a “buy” rating in a research report on Friday, August 14th.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last released its earnings results on Tuesday, August 11th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $4.84 million for the quarter, compared to analysts’ expectations of $3.10 million.

An institutional investor recently raised its position in Avino Silver & Gold Mines stock. Morgan Stanley boosted its holdings in Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 410.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,000 shares of the basic materials company’s stock after purchasing an additional 119,000 shares during the quarter. Morgan Stanley owned approximately 0.19% of Avino Silver & Gold Mines worth $51,000 as of its most recent SEC filing.

Avino Silver & Gold Mines Company Profile (NYSEAMERICAN:ASM)

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company owns interests in 42 mineral claims and 4 leased mineral claims comprising Avino mine area property comprising 4 concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and 1 leased exploitation concession covering 98.83 hectares; Gomez Palacio property comprises 9 exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprising 4 exploration concessions covering 2,552.6 hectares and 1 exploitation concession covering 602.9 hectares; and Unification La Platosa properties comprising 3 leased concessions located in the state of Durango, Mexico.

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