Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down – Time to Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.38, but opened at $9.31. Avino Silver & Gold Mines shares last traded at $9.3130, with a volume of 2,510,529 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASM shares. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Roth Mkm upped their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Industrial Alliance Securities set a $8.75 target price on shares of Avino Silver & Gold Mines in a research report on Friday, January 23rd. Finally, HC Wainwright raised their price objective on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

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 market capitalization of $1.52 billion, a price-to-earnings ratio of 468.83 and a beta of 1.59. The stock’s 50-day moving average is $6.97 and its 200-day moving average is $5.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASM. Trek Financial LLC boosted its position in Avino Silver & Gold Mines by 129.7% during the third quarter. Trek Financial LLC now owns 1,046,742 shares of the company’s stock valued at $5,495,000 after acquiring an additional 591,121 shares during the last quarter. U S Global Investors Inc. bought a new stake in Avino Silver & Gold Mines in the second quarter worth approximately $3,836,000. Arrowstreet Capital Limited Partnership lifted its stake in Avino Silver & Gold Mines by 702.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after buying an additional 2,691,743 shares during the period. Mackenzie Financial Corp bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $6,194,000. Finally, Spark Investment Management LLC bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter valued at $699,000. 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 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.