Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 12.2% – Here’s Why

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) fell 12.2% on Tuesday . The stock traded as low as $8.66 and last traded at $8.5940. 1,503,006 shares were traded during mid-day trading, a decline of 81% from the average session volume of 7,759,201 shares. The stock had previously closed at $9.79.

Wall Street Analyst Weigh In

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

Avino Silver & Gold Mines Stock Down 2.5%

The company’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $5.82. 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 $1.50 billion, a PE ratio of 449.72 and a beta of 1.59.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently modified their holdings of ASM. Stone House Investment Management LLC increased its stake in shares of Avino Silver & Gold Mines by 1,137.6% in the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after acquiring an additional 3,868 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth about $37,000. Global Retirement Partners LLC bought a new position in shares of Avino Silver & Gold Mines during the third quarter valued at approximately $44,000. SBI Securities Co. Ltd. lifted its holdings in shares of Avino Silver & Gold Mines by 42.4% during the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock valued at $44,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Avino Silver & Gold Mines in the 4th quarter worth approximately $44,000. Institutional investors own 3.11% of the company’s stock.

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.