Avino Silver & Gold Mines (NYSE:ASM) Shares Down 8.6% - What's Next?

Key Points

• Avino Silver & Gold Mines (NYSE:ASM) shares fell by 8.6% to $5.93, with trading volume down 33% from the average.
• Despite recent analyst reports, including a downgrade from Zacks Research, three analysts still rate the stock as "Buy" with a consensus price target of $3.90.
• Institutional investors have been active, with several companies, including NewEdge Advisors LLC, significantly increasing their stakes in Avino Silver & Gold Mines recently.

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

Analyst Upgrades and Downgrades

ASM has been the subject of several research reports. Roth Capital set a $5.50 price objective on Avino Silver & Gold Mines in a report on Wednesday. HC Wainwright increased their price objective on Avino Silver & Gold Mines to $6.10 and gave the company a "buy" rating in a report on Wednesday. Finally, Zacks Research lowered Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of "Moderate Buy" and a consensus price target of $3.90.

Avino Silver & Gold Mines Stock Down 10.0%

The stock has a fifty day moving average price of $4.61 and a 200 day moving average price of $3.80. 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 market capitalization of $881.45 million, a P/E ratio of 290.90 and a beta of 1.58.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinion Investment Advisors LLC purchased a new stake in shares of Avino Silver & Gold Mines in the second quarter worth $41,000. Dynamic Technology Lab Private Ltd raised its position in shares of Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock worth $58,000 after buying an additional 4,904 shares in the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $68,000. Rathbones Group PLC purchased a new stake in shares of Avino Silver & Gold Mines in the second quarter worth $76,000. Finally, NewEdge Advisors LLC raised 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 worth $94,000 after buying an additional 24,950 shares in the last quarter. Hedge funds and other institutional investors own 3.11% of the company's stock.

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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