Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped down before the market opened on Thursday . The stock had previously closed at $6.59, but opened at $6.09. Avino Silver & Gold Mines shares last traded at $6.39, with a volume of 540,118 shares.

Analysts Set New Price Targets

Several brokerages recently commented on ASM. Roth Mkm lifted their target price on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Friday, January 23rd. HC Wainwright upped their price target 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. Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Finally, iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The firm’s 50 day moving average price is $8.39 and its 200-day moving average price is $6.51. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 329.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Trek Financial LLC lifted its stake in shares of Avino Silver & Gold Mines by 129.7% in the third quarter. Trek Financial LLC now owns 1,046,742 shares of the company’s stock valued at $5,495,000 after buying an additional 591,121 shares during the period. Alps Advisors Inc. increased its stake in Avino Silver & Gold Mines by 69.9% during the third quarter. Alps Advisors Inc. now owns 248,158 shares of the company’s stock valued at $1,303,000 after acquiring an additional 102,113 shares during the period. TD Asset Management Inc acquired a new position in Avino Silver & Gold Mines in the 3rd quarter valued at approximately $909,000. Arrowstreet Capital Limited Partnership raised its holdings in Avino Silver & Gold Mines by 702.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after acquiring an additional 2,691,743 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth approximately $6,194,000. Institutional investors own 3.11% of the company’s stock.

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.