Avino Silver & Gold Mines (NYSE:ASM) Shares Down 8.6% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares fell 8.6% on Friday . The company traded as low as $5.97 and last traded at $5.93. 2,852,548 shares traded hands during trading, a decline of 33% from the average session volume of 4,282,037 shares. The stock had previously closed at $6.48.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ASM. Zacks Research downgraded Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a report on Wednesday. Finally, HC Wainwright lifted their target price on Avino Silver & Gold Mines to $6.10 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.47.

Avino Silver & Gold Mines Stock Down 8.5%

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The stock has a 50-day moving average of $4.66 and a 200 day moving average of $3.84. The company has a market cap of $895.80 million, a P/E ratio of 296.65 and a beta of 1.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinion Investment Advisors LLC bought a new position in Avino Silver & Gold Mines in the second quarter valued at about $41,000. HBK Sorce Advisory LLC bought a new position in Avino Silver & Gold Mines in the third quarter valued at about $68,000. Sonora Investment Management Group LLC bought a new position in Avino Silver & Gold Mines in the third quarter valued at about $105,000. Rathbones Group PLC bought a new position in Avino Silver & Gold Mines in the second quarter valued at about $76,000. Finally, NewEdge Advisors LLC grew its position in Avino Silver & Gold Mines by 2,422.3% in the second quarter. NewEdge Advisors LLC now owns 25,980 shares of the company’s stock valued at $94,000 after acquiring an additional 24,950 shares during the last quarter. 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.