Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares dropped 5.2% during trading on Wednesday . The stock traded as low as $3.99 and last traded at $3.96. Approximately 1,082,043 shares were traded during trading, a decline of 70% from the average daily volume of 3,667,821 shares. The stock had previously closed at $4.17.
Wall Street Analyst Weigh In
ASM has been the topic of several research reports. HC Wainwright raised their price objective on Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Roth Capital reiterated a "neutral" rating and issued a $3.50 price target on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Avino Silver & Gold Mines presently has a consensus rating of "Moderate Buy" and a consensus price target of $2.58.
Read Our Latest Report on Avino Silver & Gold Mines
Avino Silver & Gold Mines Trading Down 5.2%
The stock has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $2.74. 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 $536.85 million, a price-to-earnings ratio of 184.09 and a beta of 1.66.
Hedge Funds Weigh In On Avino Silver & Gold Mines
Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after buying an additional 4,904 shares during the period. Mariner LLC purchased a new position in shares of Avino Silver & Gold Mines in the 4th quarter valued at about $41,000. Northwest & Ethical Investments L.P. acquired a new position in Avino Silver & Gold Mines in the 1st quarter worth about $118,000. Janney Montgomery Scott LLC acquired a new position in Avino Silver & Gold Mines in the 2nd quarter worth about $231,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Avino Silver & Gold Mines in the 1st quarter worth about $134,000. Institutional investors and hedge funds own 3.11% of the company's stock.
About Avino Silver & Gold Mines
(
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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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