Avino Silver & Gold Mines (NYSE:ASM) Shares Down 7.5% - Time to Sell?

Key Points

• Shares fell 7.5% to about $7.03 on Tuesday, with trading volume of roughly 2.17 million shares—about 66% below the stock's average daily volume.
• Analysts are split (two Buys, two Holds) with an average target price of $9.50 and individual targets ranging from $7.25 to $12.50.
• The company has a market cap of $1.19 billion and a very high P/E of 350.98, but low leverage (debt/equity 0.01) and modest institutional ownership (3.11%), including Man Group's ~1.22 million-share position.

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

Analysts Set New Price Targets

A number of research analysts have commented on ASM shares. Roth Mkm upped their price target on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a "neutral" rating in a research report on Friday, January 23rd. HC Wainwright reaffirmed a "buy" rating and set a $12.50 price target on shares of Avino Silver & Gold Mines in a research report on Friday. iA Financial set a $8.75 price target on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Avino Silver & Gold Mines in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.50.

Avino Silver & Gold Mines Price Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 350.98 and a beta of 1.79. The firm has a 50-day moving average price of $7.65 and a 200-day moving average price of $6.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Avino Silver & Gold Mines in the 1st quarter worth approximately $3,433,000. Caitong International Asset Management Co. Ltd raised its position in shares of Avino Silver & Gold Mines by 1,244.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,287 shares of the company's stock worth $176,000 after acquiring an additional 26,183 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth approximately $86,000. Oxford Asset Management LLP bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth approximately $276,000. Finally, Man Group plc raised its position in shares of Avino Silver & Gold Mines by 24.6% in the 4th quarter. Man Group plc now owns 1,217,087 shares of the company's stock worth $7,558,000 after acquiring an additional 240,109 shares in the last quarter. Institutional investors own 3.11% of the company's stock.

Avino Silver & Gold Mines Company Profile

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.

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.