Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 8.6% – Here’s Why

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares fell 8.6% on Thursday . The stock traded as low as $4.32 and last traded at $4.2850. 1,806,697 shares were traded during trading, a decline of 58% from the average session volume of 4,295,620 shares. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research raised shares of Avino Silver & Gold Mines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Roth Capital set a $5.50 price target on shares of Avino Silver & Gold Mines in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Avino Silver & Gold Mines currently has an average rating of “Buy” and a consensus target price of $6.55.

Avino Silver & Gold Mines Price Performance

The firm has a 50-day moving average price of $4.93 and a 200 day moving average price of $4.14. The stock has a market capitalization of $661.79 million, a P/E ratio of 215.86 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp bought a new position in Avino Silver & Gold Mines during the third quarter valued at approximately $28,208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at $15,116,000. Mackenzie Financial Corp boosted its stake in shares of Avino Silver & Gold Mines by 239.7% in the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after buying an additional 4,124,392 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after acquiring an additional 3,497,923 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Avino Silver & Gold Mines by 702.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after acquiring an additional 2,691,743 shares during the last quarter. Hedge funds and other institutional investors own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.