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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped down prior to trading on Wednesday. The stock had previously closed at $5.57, but opened at $5.27. Avino Silver & Gold Mines shares last traded at $5.3120, with a volume of 651,836 shares traded.

Wall Street Analysts Forecast Growth

ASM has been the subject of a number of recent research reports. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a research report on Thursday, August 13th. Roth Capital raised their target price on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.92.

Avino Silver & Gold Mines Trading Down 3.7%

The stock has a market capitalization of $911.27 million, a PE ratio of 267.88 and a beta of 1.79. The stock’s 50 day moving average price is $6.61 and its 200-day moving average price is $6.53. 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 Investors Weigh In On Avino Silver & Gold Mines

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Avino Silver & Gold Mines by 32.9% in the second quarter. Tidal Investments LLC now owns 8,851,886 shares of the company’s stock valued at $56,113,000 after acquiring an additional 2,191,951 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Avino Silver & Gold Mines by 69.6% during the first quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company’s stock worth $4,758,000 after purchasing an additional 309,139 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Avino Silver & Gold Mines during the 1st quarter valued at approximately $4,090,000. SG Americas Securities LLC purchased a new position in Avino Silver & Gold Mines in the 1st quarter worth approximately $3,433,000. Finally, Rothschild Wealth LLC purchased a new position in Avino Silver & Gold Mines in the 4th quarter worth approximately $2,174,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Canadian mining company engaged in the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s principal products are silver, gold and copper, with its activities focused primarily on projects in Mexico and Canada.

Avino’s core operation is the Avino Mine, located near Durango, Mexico. The property has a long operating history and includes multiple deposits and mining areas, including the Avino and San Gonzalo zones.