Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price dropped 5.3% during trading on Wednesday . The company traded as low as $6.97 and last traded at $6.99. 5,654,974 shares were traded during mid-day trading, an increase of 10% from the average session volume of 5,162,358 shares. The stock had previously closed at $7.38.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ASM. HC Wainwright cut their target price on Avino Silver & Gold Mines from $13.00 to $10.25 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Roth Capital decreased their price target on Avino Silver & Gold Mines from $8.00 to $6.50 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.50.
Check Out Our Latest Report on ASM
Avino Silver & Gold Mines Price Performance
The stock's fifty day moving average price is $6.13 and its 200-day moving average price is $7.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm has a market cap of $1.20 billion, a PE ratio of 353.68 and a beta of 1.76.
Institutional Investors Weigh In On Avino Silver & Gold Mines
A number of hedge funds and other institutional investors have recently modified their holdings of ASM. Mariner LLC boosted its position in shares of Avino Silver & Gold Mines by 4.5% in the 4th quarter. Mariner LLC now owns 48,524 shares of the company's stock worth $301,000 after buying an additional 2,090 shares in the last quarter. LPL Financial LLC grew its position in shares of Avino Silver & Gold Mines by 0.9% in the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company's stock valued at $1,813,000 after purchasing an additional 2,587 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Avino Silver & Gold Mines by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock worth $279,000 after purchasing an additional 3,200 shares in the last quarter. Mindset Wealth Management LLC raised its position in shares of Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company's stock worth $102,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Avino Silver & Gold Mines by 17.2% in the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company's stock valued at $176,000 after buying an additional 4,156 shares in the last quarter. 3.11% of the stock is currently owned by institutional investors and hedge funds.
Avino Silver & Gold Mines Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Avino Silver & Gold Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avino Silver & Gold Mines wasn't on the list.
While Avino Silver & Gold Mines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
