Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 5.3% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price fell 5.3% on Wednesday . The stock traded as low as $6.97 and last traded at $6.99. 5,654,974 shares were traded during trading, an increase of 10% from the average daily volume of 5,162,358 shares. The stock had previously closed at $7.38.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a research note on Thursday. Roth Capital reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Avino Silver & Gold Mines in a research report on Thursday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.75.

Avino Silver & Gold Mines Stock Up 3.2%

The firm’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $7.15. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 353.93 and a beta of 1.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Trading of Avino Silver & Gold Mines

Large investors have recently made changes to their positions in the company. Mariner LLC increased its position in Avino Silver & Gold Mines by 4.5% during the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock worth $301,000 after buying an additional 2,090 shares during the period. LPL Financial LLC boosted its holdings in shares of 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 holdings in shares of 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 acquiring an additional 3,200 shares during the period. Mindset Wealth Management LLC grew its position in shares of Avino Silver & Gold Mines by 32.4% during the fourth quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock worth $102,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Avino Silver & Gold Mines by 17.2% during the fourth quarter. Osaic Holdings Inc. now owns 28,275 shares of the company’s stock worth $176,000 after acquiring an additional 4,156 shares during the last quarter. 3.11% of the stock is owned by institutional investors and hedge funds.

About Avino Silver & Gold Mines

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.