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

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.97, but opened at $3.85. Avino Silver & Gold Mines shares last traded at $3.82, with a volume of 2,541,573 shares trading hands.

Analysts Set New Price Targets

ASM has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Roth Capital restated a "neutral" rating and issued a $3.50 price objective on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2.58.

Avino Silver & Gold Mines Stock Down 2.0%

The stock's fifty day moving average is $3.59 and its 200 day moving average is $2.72. 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 capitalization of $567.48 million, a P/E ratio of 194.60 and a beta of 1.66.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASM. Dynamic Technology Lab Private Ltd increased its position in Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after purchasing an additional 4,904 shares during the period. Sprott Inc. increased its position in Avino Silver & Gold Mines by 4.2% during the 1st quarter. Sprott Inc. now owns 261,850 shares of the company's stock valued at $482,000 after purchasing an additional 10,450 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Avino Silver & Gold Mines by 12.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock valued at $346,000 after purchasing an additional 20,900 shares during the period. Baader Bank Aktiengesellschaft increased its position in Avino Silver & Gold Mines by 21.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 205,799 shares of the company's stock valued at $710,000 after purchasing an additional 36,363 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of Avino Silver & Gold Mines by 70.3% in the 1st quarter. Alps Advisors Inc. now owns 92,088 shares of the company's stock worth $169,000 after buying an additional 38,002 shares during the period. 3.11% of the stock is currently owned by institutional investors.

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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