Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 9.9% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price dropped 9.9% during trading on Friday . The company traded as low as $6.22 and last traded at $6.1250. Approximately 676,495 shares changed hands during trading, a decline of 88% from the average daily volume of 5,703,458 shares. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ASM. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. HC Wainwright raised their price target on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Stock Down 12.0%

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 300.90 and a beta of 1.69. The firm has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $7.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ASM. Cubist Systematic Strategies LLC bought a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $134,000. Dynamic Technology Lab Private Ltd raised its position in Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock valued at $58,000 after purchasing an additional 4,904 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Avino Silver & Gold Mines by 208.7% in the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock worth $385,000 after purchasing an additional 141,594 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Avino Silver & Gold Mines in the first quarter worth $669,000. Finally, American Century Companies Inc. bought a new stake in shares of Avino Silver & Gold Mines during the second quarter worth $422,000. 3.11% of the stock is 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.