Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 9.9% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM) was down 9.9% during mid-day trading on Friday . The stock traded as low as $6.22 and last traded at $6.1250. Approximately 676,495 shares were traded 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 Analyst Weigh In

Several equities research analysts have weighed in on ASM shares. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. HC Wainwright upped their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Roth Mkm reissued a “neutral” rating and set a $8.00 price target on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Trading Down 12.0%

The company has a market cap of $1.01 billion, a P/E ratio of 300.90 and a beta of 1.69. 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 business has a 50-day moving average price of $6.86 and a two-hundred day moving average price of $7.14.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors have recently modified their holdings of ASM. Mariner LLC boosted its position in shares of Avino Silver & Gold Mines by 4.5% in the 4th quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after purchasing an additional 2,090 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Avino Silver & Gold Mines by 42.4% in 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. LPL Financial LLC lifted its stake in Avino Silver & Gold Mines by 0.9% in the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock valued at $1,813,000 after buying an additional 2,587 shares during the period. Prudential Financial Inc. lifted its stake in Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after buying an additional 3,200 shares during the period. Finally, Stone House Investment Management LLC lifted 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 valued at $26,000 after buying an additional 3,868 shares during the period. Institutional investors and hedge funds 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.