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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $4.79, but opened at $4.36. Avino Silver & Gold Mines shares last traded at $4.7250, with a volume of 1,355,730 shares.

Wall Street Analysts Forecast Growth

ASM has been the topic of several research analyst reports. HC Wainwright lifted their target price on shares of Avino Silver & Gold Mines from $6.10 to $7.60 and gave the company a “buy” rating in a research report on Monday, November 3rd. Zacks Research upgraded Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $6.55.

Avino Silver & Gold Mines Stock Down 0.1%

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 $735.58 million, a PE ratio of 239.37 and a beta of 1.55. The business has a 50-day moving average price of $4.90 and a 200-day moving average price of $4.08.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently bought and sold shares of ASM. SBI Securities Co. Ltd. grew its stake in shares of Avino Silver & Gold Mines by 42.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after buying an additional 2,515 shares during the period. Global Retirement Partners LLC acquired a new position in Avino Silver & Gold Mines in the third quarter valued at approximately $44,000. Pinion Investment Advisors LLC purchased a new position in Avino Silver & Gold Mines in the second quarter worth approximately $41,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Avino Silver & Gold Mines during the third quarter worth $63,000. Finally, HBK Sorce Advisory LLC purchased a new stake in Avino Silver & Gold Mines in the third quarter valued at $68,000. 3.11% of the stock is currently owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.