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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped down before the market opened on Wednesday . The stock had previously closed at $6.93, but opened at $6.51. Avino Silver & Gold Mines shares last traded at $6.4050, with a volume of 1,213,838 shares.

Wall Street Analyst Weigh In

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

Avino Silver & Gold Mines Trading Down 10.0%

The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $8.54 and a 200-day moving average price of $6.39. The firm has a market capitalization of $944.26 million, a PE ratio of 283.14 and a beta of 1.57.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors have recently made changes to their positions in the stock. Stone House Investment Management LLC grew its stake 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 worth $26,000 after purchasing an additional 3,868 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $37,000. Global Retirement Partners LLC purchased a new stake in Avino Silver & Gold Mines during the third quarter worth about $44,000. SBI Securities Co. Ltd. boosted 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 worth $44,000 after buying an additional 2,515 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth about $44,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

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.