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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped down prior to trading on Thursday . The stock had previously closed at $6.59, but opened at $6.09. Avino Silver & Gold Mines shares last traded at $6.39, with a volume of 540,118 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on ASM shares. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a research report on Friday, January 23rd. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Roth Mkm upped their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

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 market cap of $1.10 billion, a P/E ratio of 329.31 and a beta of 1.57. The firm’s 50-day moving average is $8.39 and its two-hundred day moving average is $6.51.

Institutional Trading of Avino Silver & Gold Mines

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stone House Investment Management LLC increased its holdings in shares of Avino Silver & Gold Mines by 1,137.6% during the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after acquiring an additional 3,868 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Avino Silver & Gold Mines during the fourth quarter worth approximately $37,000. Banque Cantonale Vaudoise acquired a new position in Avino Silver & Gold Mines during the fourth quarter valued at approximately $44,000. SBI Securities Co. Ltd. grew its holdings in Avino Silver & Gold Mines by 42.4% during the third 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 during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Avino Silver & Gold Mines in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company’s flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino’s operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.