Avino Silver & Gold Mines (NYSE:ASM) Shares Down 5.8% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price traded down 5.8% during trading on Friday . The stock traded as low as $5.85 and last traded at $5.8490. 2,628,396 shares changed hands during trading, a decline of 40% from the average session volume of 4,382,449 shares. The stock had previously closed at $6.21.

Wall Street Analysts Forecast Growth

ASM has been the subject of several recent analyst reports. HC Wainwright increased their price target on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Roth Capital set a $5.50 price target on shares of Avino Silver & Gold Mines in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.55.

Avino Silver & Gold Mines Price Performance

The company has a market cap of $916.72 million, a P/E ratio of 290.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The company has a fifty day moving average price of $5.38 and a two-hundred day moving average price of $4.65.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in Avino Silver & Gold Mines by 42.4% in the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after buying an additional 2,515 shares during the period. Pinion Investment Advisors LLC lifted its holdings in Avino Silver & Gold Mines by 26.0% during the 3rd quarter. Pinion Investment Advisors LLC now owns 14,230 shares of the company’s stock valued at $69,000 after purchasing an additional 2,940 shares during the last quarter. Prudential Financial Inc. boosted its position in Avino Silver & Gold Mines by 4.3% during 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 during the period. Rathbones Group PLC raised its position in shares of Avino Silver & Gold Mines by 21.1% in the third quarter. Rathbones Group PLC now owns 25,550 shares of the company’s stock valued at $134,000 after purchasing an additional 4,450 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock worth $58,000 after buying an additional 4,904 shares during the period. 3.11% of the stock is 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.