Avino Silver & Gold Mines (NYSE:ASM) Trading Down 6.9% - Should You Sell?

Key Points

• Avino Silver & Gold Mines shares fell by 6.9% to $5.03, with trading volume down 65% from the average, raising concerns about potential sell-off.
• Analysts have mixed views, with Roth Capital increasing their target to $3.60 and HC Wainwright maintaining a "buy" rating at $4.80, while Zacks downgraded it from "strong-buy" to "hold."
• Institutional investors have made significant moves, with Bank of America increasing its stake by over 184,000%, indicating growing interest despite the current stock decline.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price traded down 6.9% during trading on Thursday . The stock traded as low as $5.13 and last traded at $5.03. 1,457,551 shares were traded during trading, a decline of 65% from the average session volume of 4,135,809 shares. The stock had previously closed at $5.40.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Roth Capital upped their target price on Avino Silver & Gold Mines from $3.50 to $3.60 and gave the company a "neutral" rating in a research report on Friday, August 15th. HC Wainwright reiterated a "buy" rating and issued a $4.80 price target on shares of Avino Silver & Gold Mines in a report on Thursday, August 14th. Finally, Zacks Research lowered Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $3.10.

Avino Silver & Gold Mines Stock Down 5.6%

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 company has a market capitalization of $769.67 million, a PE ratio of 253.88 and a beta of 1.61. The stock has a 50-day moving average of $4.15 and a 200 day moving average of $3.57.

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in Avino Silver & Gold Mines by 184,842.4% in the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock worth $503,000 after buying an additional 571,163 shares during the last quarter. Millennium Management LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth $492,000. Two Sigma Investments LP purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth $206,000. Two Sigma Advisers LP purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth $67,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Avino Silver & Gold Mines by 12.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 187,789 shares of the company's stock worth $346,000 after buying an additional 20,900 shares during the last quarter. 3.11% of the stock is owned by hedge funds and other institutional investors.

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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