Avino Silver & Gold Mines (NYSE:ASM) Trading Down 4.8% - What's Next?

Key Points

• Avino Silver & Gold Mines shares fell 4.8% to $4.84, with trading volume down 25% from average levels.
• Analysts' opinions vary, with Roth Capital setting a price target of $5.50 and Zacks Research upgrading its rating to strong-buy.
• Institutional investments increased, with Goldman Sachs boosting their stake by 208.7% during the first quarter.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price dropped 4.8% on Friday . The stock traded as low as $4.88 and last traded at $4.84. Approximately 3,219,848 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 4,313,227 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

ASM has been the topic of several research analyst reports. Roth Capital set a $5.50 price target on shares of Avino Silver & Gold Mines in a report on Wednesday, October 15th. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines to $6.10 and gave the company a "buy" rating in a report on Wednesday, October 15th. Finally, Zacks Research raised shares of Avino Silver & Gold Mines from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $4.47.

Avino Silver & Gold Mines Stock Performance

The stock's 50-day simple moving average is $4.78 and its 200-day simple moving average is $3.93. The stock has a market cap of $732.66 million, a price-to-earnings ratio of 242.62 and a beta of 1.58. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Avino Silver & Gold Mines by 208.7% during the 1st 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 worth $346,000 after acquiring an additional 20,900 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $3,836,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth approximately $292,000. Finally, Trek Financial LLC acquired a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth approximately $1,327,000. Institutional investors and hedge funds 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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