Avino Silver & Gold Mines (NYSE:ASM) Trading Down 7.5% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s share price was down 7.5% on Tuesday . The stock traded as low as $7.27 and last traded at $7.0330. Approximately 2,166,901 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 6,294,981 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ASM shares. Roth Mkm upped their price target on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. HC Wainwright restated a “buy” rating and issued a $12.50 price target on shares of Avino Silver & Gold Mines in a research note on Friday. iA Financial set a $8.75 price target on Avino Silver & Gold Mines in a research note on Friday, January 23rd. Finally, Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Trading Down 7.3%

The firm has a 50 day simple moving average of $7.65 and a 200 day simple moving average of $6.72. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.19 billion, a PE ratio of 350.98 and a beta of 1.79.

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Avino Silver & Gold Mines during the 1st quarter valued at $3,433,000. Caitong International Asset Management Co. Ltd boosted its stake in Avino Silver & Gold Mines by 1,244.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,287 shares of the company’s stock valued at $176,000 after purchasing an additional 26,183 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in Avino Silver & Gold Mines during the 4th quarter valued at $86,000. Oxford Asset Management LLP purchased a new stake in Avino Silver & Gold Mines during the 4th quarter valued at $276,000. Finally, Man Group plc boosted its stake in Avino Silver & Gold Mines by 24.6% during the 4th quarter. Man Group plc now owns 1,217,087 shares of the company’s stock valued at $7,558,000 after purchasing an additional 240,109 shares during the last quarter. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

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.