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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.83, but opened at $7.34. Avino Silver & Gold Mines shares last traded at $7.20, with a volume of 909,536 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASM. iA Financial set a $8.75 target price on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Roth Mkm increased their price objective on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. HC Wainwright raised their price target on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Stock Down 4.1%

The company’s fifty day simple moving average is $8.38 and its 200 day simple moving average is $6.24. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.25 billion, a PE ratio of 375.69 and a beta of 1.57.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC grew its stake 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 worth $26,000 after purchasing an additional 3,868 shares during the period. Lodestone Wealth Management LLC purchased a new stake in shares of Avino Silver & Gold Mines in the 4th quarter worth about $37,000. Global Retirement Partners LLC bought a new position in shares of Avino Silver & Gold Mines in the 3rd quarter worth about $44,000. SBI Securities Co. Ltd. lifted its position in Avino Silver & Gold Mines by 42.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after acquiring an additional 2,515 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $44,000. 3.11% of the stock is currently owned by institutional investors.

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.