Avino Silver & Gold Mines (NYSE:ASM) Shares Down 7.9% – Time to Sell?

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) traded down 7.9% on Tuesday . The company traded as low as $4.25 and last traded at $4.3450. 2,019,291 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 4,306,877 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Roth Capital set a $5.50 price objective on Avino Silver & Gold Mines in a report on Wednesday, October 15th. Zacks Research upgraded Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, HC Wainwright raised their price objective on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Avino Silver & Gold Mines has an average rating of “Buy” and an average price target of $4.97.

Avino Silver & Gold Mines Stock Down 10.0%

The firm has a market capitalization of $653.03 million, a price-to-earnings ratio of 212.26 and a beta of 1.58. The business has a 50 day simple moving average of $4.89 and a 200-day simple moving average of $4.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth about $15,116,000. Tidal Investments LLC grew its position in Avino Silver & Gold Mines by 11.6% in the 2nd quarter. Tidal Investments LLC now owns 3,709,669 shares of the company’s stock valued at $13,355,000 after acquiring an additional 385,245 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Avino Silver & Gold Mines by 702.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after acquiring an additional 2,691,743 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Avino Silver & Gold Mines in the 2nd quarter valued at about $6,194,000. Finally, U S Global Investors Inc. acquired a new position in Avino Silver & Gold Mines in the 2nd quarter valued at about $3,836,000. 3.11% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

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.