Avino Silver & Gold Mines Ltd. (NYSE:ASM – Get Free Report) shares dropped 6.7% during mid-day trading on Tuesday . The company traded as low as $6.45 and last traded at $6.4750. Approximately 2,159,450 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 6,020,596 shares. The stock had previously closed at $6.94.
Analyst Upgrades and Downgrades
ASM has been the topic of a number of research reports. HC Wainwright raised their price objective on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. iA Financial set a $8.75 price objective on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Finally, Roth Mkm reissued a “neutral” rating and issued a $8.00 price objective on shares of Avino Silver & Gold Mines in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.
Check Out Our Latest Analysis on Avino Silver & Gold Mines
Avino Silver & Gold Mines Price Performance
Institutional Investors Weigh In On Avino Silver & Gold Mines
Several institutional investors and hedge funds have recently modified their holdings of ASM. Cubist Systematic Strategies LLC bought a new stake in shares of Avino Silver & Gold Mines during the first quarter valued at approximately $134,000. Dynamic Technology Lab Private Ltd raised its position in shares of Avino Silver & Gold Mines by 18.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock valued at $58,000 after buying an additional 4,904 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Avino Silver & Gold Mines by 208.7% during the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company’s stock valued at $385,000 after buying an additional 141,594 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Avino Silver & Gold Mines during the first quarter valued at approximately $669,000. Finally, American Century Companies Inc. bought a new stake in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $422,000. Institutional investors own 3.11% of the company’s stock.
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.
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