Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 4.2% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price was down 4.2% during trading on Friday . The company traded as low as $7.07 and last traded at $6.82. 1,358,694 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 5,059,728 shares. The stock had previously closed at $7.12.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Roth Capital raised their target price on 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 increased their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and an average price target of $8.92.

Avino Silver & Gold Mines Stock Performance

The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 329.41 and a beta of 1.82. 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 firm has a fifty day simple moving average of $6.59 and a 200-day simple moving average of $6.80.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Avino Silver & Gold Mines during the second quarter worth approximately $15,116,000. Mackenzie Financial Corp boosted its stake in Avino Silver & Gold Mines by 239.7% in the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after acquiring an additional 4,124,392 shares during the last quarter. Tidal Investments LLC boosted its stake in Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock valued at $37,840,000 after acquiring an additional 3,497,923 shares during the last quarter. Jane Street Group LLC grew its holdings in Avino Silver & Gold Mines by 1,135.9% during the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock worth $7,719,000 after acquiring an additional 1,142,492 shares during the period. Finally, Millennium Management LLC grew its holdings in Avino Silver & Gold Mines by 278.5% during the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company’s stock worth $5,387,000 after acquiring an additional 755,189 shares during the period. Institutional investors own 3.11% of the company’s stock.

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.