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

Key Points

• Avino shares gapped down pre-market from $6.93 to $6.51 and were last at $6.4050 on volume of 1,213,838 shares, indicating notable early selling pressure.
• Analysts are mixed but biased bullishly—two Buy and two Hold ratings give a consensus "Moderate Buy" with a consensus price target of $9.50, and firms like HC Wainwright have raised targets (to $12.50).
• The company has a market cap of $1.07 billion, a high trailing P/E of 321.26, a 50-day SMA of $8.55 (above the current price) and has seen several institutions materially increase stakes during the latest reported quarter.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $6.93, but opened at $6.51. Avino Silver & Gold Mines shares last traded at $6.4050, with a volume of 1,213,838 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ASM shares. Alliance Global Partners restated a "buy" rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a "buy" rating in a report on Friday, January 23rd. Zacks Research downgraded Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 19th. iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a report on Friday, January 23rd. Finally, Roth Mkm raised their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $6.40. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 321.26 and a beta of 1.57. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its position in Avino Silver & Gold Mines by 94.3% in the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company's stock worth $37,840,000 after buying an additional 3,497,923 shares during the period. Mackenzie Financial Corp raised its stake in shares of Avino Silver & Gold Mines by 239.7% during the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company's stock valued at $30,651,000 after purchasing an additional 4,124,392 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Avino Silver & Gold Mines by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company's stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the period. Van ECK Associates Corp acquired a new stake in Avino Silver & Gold Mines in the third quarter worth about $28,208,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Avino Silver & Gold Mines by 702.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company's stock valued at $11,069,000 after buying an additional 2,691,743 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.

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