Avino Silver & Gold Mines (NYSE:ASM) Downgraded by Zacks Research to Hold

Key Points

• Avino Silver & Gold Mines was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment regarding the stock.
• Despite the downgrade, HC Wainwright reaffirmed a "buy" rating with a price target of $4.80, while other analysts have set an average target price of $3.10.
• The company's shares opened at $4.54, experiencing a 4% decline, with a market cap of approximately $685.83 million and notable volatility reflected by a beta of 1.61.

Avino Silver & Gold Mines (NYSE:ASM - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on the company. HC Wainwright reaffirmed a "buy" rating and issued a $4.80 price target on shares of Avino Silver & Gold Mines in a research note on Thursday, August 14th. Roth Capital boosted their price target on shares of Avino Silver & Gold Mines from $3.50 to $3.60 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $3.10.

Avino Silver & Gold Mines Stock Down 4.0%

NYSE ASM opened at $4.54 on Monday. 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 business's fifty day simple moving average is $3.99 and its 200-day simple moving average is $3.47. Avino Silver & Gold Mines has a 52 week low of $0.85 and a 52 week high of $4.90. The firm has a market cap of $685.83 million, a PE ratio of 227.11 and a beta of 1.61.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds have recently added to or reduced their stakes in ASM. Pinion Investment Advisors LLC purchased a new position in Avino Silver & Gold Mines in the 2nd quarter valued at $41,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after acquiring an additional 4,904 shares during the period. Two Sigma Advisers LP purchased a new stake in Avino Silver & Gold Mines during the fourth quarter worth $67,000. Rathbones Group PLC purchased a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth about $76,000. Finally, NewEdge Advisors LLC grew its position in shares of 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 purchasing an additional 24,950 shares during the last quarter. 3.11% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

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.

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