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

Avino Silver & Gold Mines Ltd. (NYSE:ASM) gapped down before the market opened on Friday . The stock had previously closed at $6.86, but opened at $6.53. Avino Silver & Gold Mines shares last traded at $6.4050, with a volume of 2,426,654 shares.

Wall Street Analysts Forecast Growth

ASM has been the topic of several recent analyst reports. HC Wainwright boosted their target price on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a report on Monday, November 3rd. Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a report on Wednesday, October 15th. Finally, Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.55.

Avino Silver & Gold Mines Stock Performance

The firm has a fifty day moving average of $5.74 and a 200-day moving average of $4.83. 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 firm has a market cap of $1.10 billion, a P/E ratio of 340.17 and a beta of 1.60.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC grew its holdings in Avino Silver & Gold Mines by 94.3% during the 3rd 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. Mackenzie Financial Corp boosted its position 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 purchasing an additional 4,124,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Avino Silver & Gold Mines by 38.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the period. Van ECK Associates Corp bought a new stake in Avino Silver & Gold Mines in the third quarter valued at about $28,208,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Avino Silver & Gold Mines by 702.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after buying an additional 2,691,743 shares during the period. 3.11% of the stock is currently owned by institutional investors and hedge funds.

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.