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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price was down 5.3% during mid-day trading on Wednesday . The stock 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 daily volume of 5,162,358 shares. The stock had previously closed at $7.38.

Wall Street Analyst Weigh In

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

Avino Silver & Gold Mines Stock Performance

The company’s fifty day moving average price is $6.13 and its two-hundred 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 capitalization of $1.20 billion, a PE ratio of 353.68 and a beta of 1.76.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of large investors have recently bought and sold shares of ASM. Mariner LLC boosted its holdings 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 valued at $301,000 after purchasing an additional 2,090 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Avino Silver & Gold Mines by 0.9% during the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock worth $1,813,000 after buying an additional 2,587 shares during the last quarter. Prudential Financial Inc. increased its holdings 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 buying an additional 3,200 shares during the last quarter. Mindset Wealth Management LLC increased its holdings 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 buying an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Avino Silver & Gold Mines by 17.2% in the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company’s stock worth $176,000 after buying an additional 4,156 shares during the period. Hedge funds and other 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.