Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) gapped up before the market opened on Monday . The stock had previously closed at $0.66, but opened at $0.69. Avino Silver & Gold Mines shares last traded at $0.69, with a volume of 1,399,000 shares.

A number of brokerages have recently commented on ASM. HC Wainwright reiterated a “buy” rating and issued a $1.00 price target (down from $1.50) on shares of Avino Silver & Gold Mines in a research note on Wednesday, April 15th. Zacks Investment Research cut Avino Silver & Gold Mines from a “hold” rating to a “sell” rating in a research note on Thursday, May 14th.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $7.12 million for the quarter, compared to analyst estimates of $9.30 million.

Institutional investors and hedge funds have recently modified their holdings of the company. Tempus Wealth Planning LLC acquired a new stake in shares of Avino Silver & Gold Mines in the 4th quarter valued at about $58,000. Morgan Stanley grew its stake in shares of Avino Silver & Gold Mines by 410.3% in the 1st quarter. Morgan Stanley now owns 148,000 shares of the basic materials company’s stock valued at $51,000 after buying an additional 119,000 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Avino Silver & Gold Mines by 33.0% in the 4th quarter. Renaissance Technologies LLC now owns 434,138 shares of the basic materials company’s stock valued at $251,000 after buying an additional 107,831 shares during the period.

About Avino Silver & Gold Mines (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.

Featured Article: What is a resistance level?

Receive News & Ratings for Avino Silver & Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avino Silver & Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.