Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down - Time to Sell?

Key Points

• Avino Silver & Gold Mines shares fell sharply at the open, dropping from a prior close of $5.57 to $5.27 before recovering slightly to around $5.31.
• Analyst sentiment remains positive overall: the stock has a “Moderate Buy” consensus rating and an average price target of $8.92, despite Roth Capital maintaining a neutral rating.
• The company has a market capitalization of approximately $911 million, while its shares trade well below their 50-day and 200-day moving averages of $6.61 and $6.53, respectively.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $5.57, but opened at $5.27. Avino Silver & Gold Mines shares last traded at $5.3120, with a volume of 651,836 shares changing hands.

Analysts Set New Price Targets

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

Avino Silver & Gold Mines Stock Performance

The business's fifty day moving average price is $6.61 and its 200-day moving average price is $6.53. The stock has a market cap of $911.27 million, a PE ratio of 267.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of Avino Silver & Gold Mines during the 1st quarter valued at about $910,000. Tidal Investments LLC lifted its stake in shares of Avino Silver & Gold Mines by 32.9% in the 2nd quarter. Tidal Investments LLC now owns 8,851,886 shares of the company's stock worth $56,113,000 after purchasing an additional 2,191,951 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Avino Silver & Gold Mines by 69.6% in the first quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company's stock worth $4,758,000 after buying an additional 309,139 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Avino Silver & Gold Mines in the first quarter worth approximately $1,990,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Avino Silver & Gold Mines during the second quarter valued at approximately $1,010,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Canadian mining company engaged in the acquisition, exploration, development and operation of precious- and base-metal properties. The company's principal products are silver, gold and copper, with its activities focused primarily on projects in Mexico and Canada.

Avino's core operation is the Avino Mine, located near Durango, Mexico. The property has a long operating history and includes multiple deposits and mining areas, including the Avino and San Gonzalo zones.

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