Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down - What's Next?

Key Points

• Avino Silver & Gold Mines shares gapped down from a prior close of $7.69 to open at $7.36, later trading near $7.42 on volume of about 915,000 shares.
• Analyst sentiment remains positive overall: HC Wainwright raised its target to $10.50 with a Buy rating, while Roth Capital set a $7.50 target with a Neutral rating. The stock has a consensus “Moderate Buy” rating and an average price target of $8.92.
• Avino has a strong liquidity and low-leverage profile, with a 0.01 debt-to-equity ratio and a 2.36 current ratio; institutional investors own approximately 3.11% of the company.

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.69, but opened at $7.36. Avino Silver & Gold Mines shares last traded at $7.4230, with a volume of 915,047 shares trading hands.

Analyst Upgrades and Downgrades

ASM has been the subject of several research reports. HC Wainwright lifted 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 research note on Thursday, August 13th. Roth Capital raised their target price on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Two equities research 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, Avino Silver & Gold Mines has a consensus rating of "Moderate Buy" and an average price target of $8.92.

Avino Silver & Gold Mines Price 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 stock has a 50 day moving average price of $6.49 and a 200-day moving average price of $6.87. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 372.44 and a beta of 1.82.

Institutional Trading of Avino Silver & Gold Mines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $910,000. Dimensional Fund Advisors LP lifted its stake in Avino Silver & Gold Mines by 69.6% during the first quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company's stock worth $4,758,000 after purchasing an additional 309,139 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Avino Silver & Gold Mines in the first quarter valued at approximately $1,990,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Avino Silver & Gold Mines by 343.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 106,678 shares of the company's stock worth $674,000 after purchasing an additional 82,613 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new stake in Avino Silver & Gold Mines during the second quarter worth 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 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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