Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 8.4% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) dropped 8.4% during trading on Thursday . The company traded as low as $5.80 and last traded at $5.7340. 719,237 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,284,130 shares. The stock had previously closed at $6.26.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ASM shares. HC Wainwright cut their price objective on shares of Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating for the company in a research report on Wednesday. Roth Capital decreased their target price on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Avino Silver & Gold Mines Stock Performance

The stock has a fifty day simple moving average of $6.32 and a two-hundred day simple moving average of $7.21. The stock has a market cap of $956.36 million, a price-to-earnings ratio of 281.64 and a beta of 1.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the stock. Mariner LLC increased its position in Avino Silver & Gold Mines by 4.5% during the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after purchasing an additional 2,090 shares in the last quarter. LPL Financial LLC boosted its position in Avino Silver & Gold Mines by 0.9% in the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after buying an additional 2,587 shares in the last quarter. Prudential Financial Inc. boosted its position in Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after buying an additional 3,200 shares in the last quarter. Stone House Investment Management LLC grew its stake in shares of Avino Silver & Gold Mines by 1,137.6% during the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after buying an additional 3,868 shares during the last quarter. Finally, Mindset Wealth Management LLC grew its stake in shares of Avino Silver & Gold Mines by 32.4% during the fourth quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock worth $102,000 after buying an additional 4,000 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.