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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.83, but opened at $7.34. Avino Silver & Gold Mines shares last traded at $7.20, with a volume of 909,536 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASM. iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Zacks Research downgraded shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Roth Mkm raised 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 report on Friday, January 23rd. Finally, HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock Performance

The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $8.44 and a two-hundred day moving average price of $6.30. The firm has a market cap of $1.37 billion, a PE ratio of 410.71 and a beta of 1.57.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Avino Silver & Gold Mines by 1,244.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 28,287 shares of the company’s stock valued at $176,000 after buying an additional 26,183 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in Avino Silver & Gold Mines during the 4th quarter valued at about $86,000. Oxford Asset Management LLP purchased a new stake in Avino Silver & Gold Mines during the 4th quarter valued at about $276,000. Man Group plc raised its holdings in Avino Silver & Gold Mines by 24.6% in the 4th quarter. Man Group plc now owns 1,217,087 shares of the company’s stock valued at $7,558,000 after acquiring an additional 240,109 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Avino Silver & Gold Mines by 10.8% in the 4th quarter. Engineers Gate Manager LP now owns 134,996 shares of the company’s stock valued at $838,000 after acquiring an additional 13,130 shares during the last quarter. 3.11% of the stock is currently 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.