Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down – Time to Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.88, but opened at $5.57. Avino Silver & Gold Mines shares last traded at $5.7290, with a volume of 977,728 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and issued a $8.00 price target on shares of Avino Silver & Gold Mines in a research note on Friday, May 15th. HC Wainwright lifted their target price on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avino Silver & Gold Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The company has a market capitalization of $998.10 million, a PE ratio of 293.15 and a beta of 1.69. The firm has a 50-day moving average of $6.76 and a 200 day moving average of $7.26.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the company. Mariner LLC grew its holdings in shares of Avino Silver & Gold Mines by 4.5% in the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after acquiring an additional 2,090 shares during the period. LPL Financial LLC lifted its holdings 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 acquiring an additional 2,587 shares during the period. Prudential Financial Inc. boosted its position 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 worth $279,000 after purchasing an additional 3,200 shares during the last quarter. Stone House Investment Management LLC boosted its position 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 last quarter. Finally, Mindset Wealth Management LLC grew its stake in shares of Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after purchasing an additional 4,000 shares during the period. 3.11% of the stock is owned by institutional investors.

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.