Avino Silver & Gold Mines (NYSE:ASM) Shares Down 7% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares were down 7% during mid-day trading on Wednesday . The company traded as low as $5.67 and last traded at $5.6450. 848,885 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,472,360 shares. The stock had previously closed at $6.07.

Analyst Ratings Changes

ASM has been the subject of a number of recent research reports. HC Wainwright boosted their target price on Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Roth Capital 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 assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.92.

Avino Silver & Gold Mines Stock Down 5.9%

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 stock has a 50 day simple moving average of $6.62 and a 200-day simple moving average of $7.28. The firm has a market cap of $973.06 million, a PE ratio of 286.24 and a beta of 1.73.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently made changes to their positions in ASM. JPMorgan Chase & Co. purchased a new stake in Avino Silver & Gold Mines during the 3rd quarter valued at $972,000. Van ECK Associates Corp bought a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $28,208,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Avino Silver & Gold Mines by 343.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 106,678 shares of the company’s stock worth $674,000 after acquiring an additional 82,613 shares during the period. Auxano Advisors LLC purchased a new stake in Avino Silver & Gold Mines during the fourth quarter valued at $1,801,000. Finally, SG Americas Securities LLC purchased a new stake in Avino Silver & Gold Mines during the first quarter valued at $3,433,000. Hedge funds and other 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.