Avino Silver & Gold Mines (NYSE:ASM) Shares Down 7.1% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares fell 7.1% during mid-day trading on Wednesday . The stock traded as low as $6.02 and last traded at $6.0310. 652,887 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 4,993,438 shares. The stock had previously closed at $6.49.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASM. Roth Capital boosted their price target on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. HC Wainwright boosted their target price on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a research report on Thursday, August 13th. Two 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.92.

Avino Silver & Gold Mines Stock Performance

The stock’s 50 day moving average is $6.61 and its two-hundred day moving average is $6.65. 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 cap of $1.02 billion, a price-to-earnings ratio of 300.40 and a beta of 1.82.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in Avino Silver & Gold Mines by 32.9% in the 2nd quarter. Tidal Investments LLC now owns 8,851,886 shares of the company’s stock valued at $56,113,000 after purchasing an additional 2,191,951 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Avino Silver & Gold Mines during the second quarter worth about $281,000. Corient Private Wealth LP acquired a new position in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $125,000. Bank of America Corp DE acquired a new position in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $2,096,000. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $1,010,000. 3.11% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Canadian mining and mineral exploration company focused on the acquisition, development and operation of precious- and base-metal properties. Its principal operating asset is the Avino Mine in Durango, Mexico, which produces silver, gold and copper from underground mining and processing operations.

The Avino property has a long production history, with mining dating back to the 16th century and modern commercial production beginning in the 1970s.