Avino Silver & Gold Mines (NYSE:ASM) Shares Down 8.4% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares were down 8.4% on Thursday . The stock traded as low as $5.80 and last traded at $5.7340. Approximately 719,237 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 5,284,130 shares. The stock had previously closed at $6.26.

Analyst Ratings Changes

ASM has been the subject of several analyst reports. Roth Capital lowered their target price on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday. HC Wainwright cut their price target on shares of Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Avino Silver & Gold Mines Price Performance

The stock has a 50 day moving average of $6.39 and a 200-day moving average of $7.23. 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 stock has a market capitalization of $979.29 million, a P/E ratio of 286.89 and a beta of 1.73.

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC raised its stake in shares of Avino Silver & Gold Mines by 4.5% during the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock valued at $301,000 after acquiring an additional 2,090 shares in the last quarter. LPL Financial LLC grew its stake in Avino Silver & Gold Mines by 0.9% in the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock worth $1,813,000 after purchasing an additional 2,587 shares in the last quarter. Prudential Financial Inc. grew its stake in Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after purchasing an additional 3,200 shares in the last quarter. Stone House Investment Management LLC increased its holdings in 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. Finally, Mindset Wealth Management LLC raised its position in Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after purchasing an additional 4,000 shares in the last quarter. 3.11% of the stock is currently owned by 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.