Avino Silver & Gold Mines (NYSE:ASM) Shares Down 5.3% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price dropped 5.3% during trading on Wednesday . The company traded as low as $6.97 and last traded at $6.99. 5,654,974 shares were traded during mid-day trading, an increase of 10% from the average session volume of 5,162,358 shares. The stock had previously closed at $7.38.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASM. HC Wainwright cut their target price on Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Roth Capital decreased their price target on Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Avino Silver & Gold Mines Price Performance

The stock’s fifty day moving average price is $6.13 and its 200-day moving average price is $7.18. 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 firm has a market cap of $1.20 billion, a PE ratio of 353.68 and a beta of 1.76.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of ASM. Mariner LLC boosted its position in shares of Avino Silver & Gold Mines by 4.5% in the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after buying an additional 2,090 shares in the last quarter. LPL Financial LLC grew its position in shares of 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 purchasing an additional 2,587 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Avino Silver & Gold Mines by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock worth $279,000 after purchasing an additional 3,200 shares in the last quarter. Mindset Wealth Management LLC raised its position in shares of Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock worth $102,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Avino Silver & Gold Mines by 17.2% in the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company’s stock valued at $176,000 after buying an additional 4,156 shares in 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.