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

Key Points

• Avino gapped down — the stock fell from a $11.02 close to a $9.55 open and last traded around $9.85 on volume of about 2.19 million shares.
• Analyst coverage is mixed: two Buy and two Hold ratings give an average rating of "Moderate Buy" with an average price target of $9.50, while individual targets range from about $7.25 to $12.50 and Zacks recently cut its rating to Hold.
• Company fundamentals show a market cap of $1.54 billion and a very high valuation metric (P/E ~478.49), with low institutional ownership (~3.11%) and 50-/200-day moving averages of $6.56 and $5.18 respectively.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $11.02, but opened at $9.55. Avino Silver & Gold Mines shares last traded at $9.8530, with a volume of 2,191,509 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research lowered Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 19th. Roth Mkm boosted their target price on shares of 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. Industrial Alliance Securities set a $8.75 price target on shares of Avino Silver & Gold Mines in a research report on Friday, January 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Finally, HC Wainwright increased their target price on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.50.

Avino Silver & Gold Mines Stock Performance

The stock has a 50 day moving average of $6.56 and a 200 day moving average of $5.18. 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 firm has a market cap of $1.54 billion, a price-to-earnings ratio of 478.49 and a beta of 1.60.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA acquired a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth $185,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Avino Silver & Gold Mines in the fourth quarter valued at about $336,000. Patriot Financial Group Insurance Agency LLC bought a new position in Avino Silver & Gold Mines in the fourth quarter valued at about $149,000. Stone House Investment Management LLC grew its position in Avino Silver & Gold Mines by 1,137.6% in the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company's stock valued at $26,000 after acquiring an additional 3,868 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in shares of Avino Silver & Gold Mines in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 3.11% of the company's stock.

About Avino Silver & Gold Mines

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.

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