Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 7.5% – Time to Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares dropped 7.5% on Tuesday . The stock traded as low as $7.27 and last traded at $7.0330. Approximately 2,166,901 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 6,294,981 shares. The stock had previously closed at $7.60.

Analyst Upgrades and Downgrades

ASM has been the topic of several research reports. Roth Mkm boosted 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 report on Friday, January 23rd. iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a research report on Friday, January 23rd. HC Wainwright reiterated a “buy” rating and set a $12.50 price objective on shares of Avino Silver & Gold Mines in a research report on Friday, April 17th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a market cap of $1.18 billion, a P/E ratio of 350.28 and a beta of 1.79. The stock’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $6.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Avino Silver & Gold Mines by 94.3% during the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock valued at $37,840,000 after purchasing an additional 3,497,923 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Avino Silver & Gold Mines by 239.7% during the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after purchasing an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Avino Silver & Gold Mines by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock valued at $30,592,000 after purchasing an additional 1,621,634 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Avino Silver & Gold Mines during the third quarter valued at $28,208,000. Finally, Jane Street Group LLC boosted its stake in shares of Avino Silver & Gold Mines by 1,135.9% during the fourth quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock valued at $7,719,000 after purchasing an additional 1,142,492 shares during the period. Institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

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.