Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 6.7% – Here’s Why

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) dropped 6.7% during trading on Tuesday . The company traded as low as $6.45 and last traded at $6.4750. Approximately 2,159,450 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 6,020,596 shares. The stock had previously closed at $6.94.

Analyst Ratings Changes

Several research firms recently issued reports on ASM. HC Wainwright lifted their price objective on Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Alliance Global Partners reiterated 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 note on Friday, January 23rd. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $8.00 price target on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Trading Down 1.9%

The stock has a market capitalization of $1.12 billion, a P/E ratio of 332.67 and a beta of 1.68. 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’s fifty day moving average price is $6.77 and its two-hundred day moving average price is $6.96.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the business. Stone House Investment Management LLC lifted its stake in shares of Avino Silver & Gold Mines by 1,137.6% in 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. PNC Financial Services Group Inc. bought a new position in Avino Silver & Gold Mines during the 1st quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new position in Avino Silver & Gold Mines during the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. raised its position in Avino Silver & Gold Mines by 42.4% during the 3rd 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, Banque Cantonale Vaudoise bought a new position in Avino Silver & Gold Mines during the 4th quarter valued at approximately $44,000. 3.11% of the stock is currently owned by institutional investors.

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.