Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down - Should You Sell?

Key Points

• Avino Silver & Gold Mines shares gapped down from a previous close of $6.17 to open at $5.72, with the latest trading price at $5.28.
• Analyst ratings indicate a mixed outlook, with Roth Capital setting a target price of $5.50, while Zacks downgraded the stock to a "hold" rating.
• Institutional investors have significantly increased their holdings in Avino Silver & Gold Mines, including a 208.7% increase in shares owned by Goldman Sachs Group Inc. during the first quarter.

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $6.17, but opened at $5.72. Avino Silver & Gold Mines shares last traded at $5.28, with a volume of 4,386,876 shares traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ASM shares. Roth Capital set a $5.50 target price on Avino Silver & Gold Mines in a report on Wednesday, October 15th. Zacks Research cut shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, HC Wainwright boosted their price target on Avino Silver & Gold Mines to $6.10 and gave the company a "buy" rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.47.

Avino Silver & Gold Mines Price Performance

The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The company has a market cap of $783.56 million, a P/E ratio of 259.38 and a beta of 1.58. The company's 50-day moving average price is $4.70 and its two-hundred day moving average price is $3.88.

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Avino Silver & Gold Mines by 208.7% in the first quarter. Goldman Sachs Group Inc. now owns 209,440 shares of the company's stock worth $385,000 after purchasing an additional 141,594 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Avino Silver & Gold Mines by 12.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock worth $346,000 after acquiring an additional 20,900 shares during the period. U S Global Investors Inc. acquired a new stake in Avino Silver & Gold Mines in the 2nd quarter valued at about $3,836,000. Baader Bank Aktiengesellschaft bought a new position in shares of Avino Silver & Gold Mines during the 1st quarter valued at about $292,000. Finally, Trek Financial LLC bought a new stake in shares of Avino Silver & Gold Mines in the 1st quarter worth approximately $1,327,000. 3.11% of the stock is owned by institutional investors and hedge funds.

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.

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