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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped down before the market opened on Wednesday . The stock had previously closed at $5.88, but opened at $5.57. Avino Silver & Gold Mines shares last traded at $5.7290, with a volume of 977,728 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ASM. HC Wainwright increased their target price on Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Roth Mkm reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. Two 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 an average rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Stock Down 3.3%

The firm has a market cap of $968.29 million, a price-to-earnings ratio of 284.44 and a beta of 1.69. 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 business’s 50-day moving average is $6.81 and its 200-day moving average is $7.26.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Large investors have recently bought and sold shares of the business. TD Asset Management Inc acquired a new position in Avino Silver & Gold Mines in the third quarter worth $909,000. JPMorgan Chase & Co. acquired a new stake in shares of Avino Silver & Gold Mines in the third quarter valued at $972,000. Van ECK Associates Corp acquired a new stake in shares of Avino Silver & Gold Mines in the third quarter valued at $28,208,000. Auxano Advisors LLC bought a new position in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $1,801,000. Finally, Rothschild Wealth LLC bought a new position in shares of Avino Silver & Gold Mines in the fourth quarter valued at about $2,174,000. 3.11% of the stock is currently 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.