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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped down prior to trading 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ASM shares. Roth Mkm reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. HC Wainwright raised their price target on shares of Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Stock Performance

The firm has a fifty day moving average of $6.81 and a 200-day moving average of $7.26. The firm has a market cap of $968.29 million, a P/E ratio of 284.44 and a beta of 1.69. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASM. Mariner LLC grew its position in shares of 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 buying an additional 2,090 shares during the period. LPL Financial LLC raised its stake in shares of Avino Silver & Gold Mines by 0.9% during the fourth 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. lifted its holdings 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 during the period. Stone House Investment Management LLC lifted its holdings in Avino Silver & Gold Mines by 1,137.6% in the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after buying an additional 3,868 shares during the period. Finally, Mindset Wealth Management LLC boosted its stake in Avino Silver & Gold Mines by 32.4% in the fourth quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after acquiring an additional 4,000 shares during the last quarter. 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.