Avino Silver & Gold Mines (NYSE:ASM) Shares Down 4.2% - Should You Sell?

Key Points

• Avino Silver & Gold Mines shares fell 4.2% to $6.82 in Friday’s midday trading, with volume down 73% from its average.
• Analysts remain moderately bullish: the stock has a consensus “Moderate Buy” rating and an average price target of $8.92, despite Roth Capital maintaining a neutral view.
• The company has a strong liquidity position and minimal leverage, but its valuation is elevated, with a P/E ratio of 329.41; institutional investors own just 3.11% of shares.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s share price fell 4.2% during mid-day trading on Friday . The stock traded as low as $7.07 and last traded at $6.82. 1,358,694 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 5,059,728 shares. The stock had previously closed at $7.12.

Analyst Upgrades and Downgrades

ASM has been the subject of several research analyst reports. Roth Capital upped their target price on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a "buy" rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $8.92.

Avino Silver & Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a market cap of $1.12 billion, a P/E ratio of 329.41 and a beta of 1.82. The stock's 50 day moving average is $6.59 and its two-hundred day moving average is $6.80.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently made changes to their positions in ASM. PNC Financial Services Group Inc. acquired a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth about $29,000. Harbor Investment Advisory LLC bought a new stake in Avino Silver & Gold Mines during the first quarter worth about $44,000. Banque Cantonale Vaudoise acquired a new stake in shares of Avino Silver & Gold Mines during the fourth quarter worth approximately $44,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Avino Silver & Gold Mines by 18.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after acquiring an additional 4,904 shares during the last quarter. Finally, Euro Pacific Asset Management LLC bought a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 3.11% of the company's stock.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. 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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