Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped down before the market opened on Friday . The stock had previously closed at $6.86, but opened at $6.53. Avino Silver & Gold Mines shares last traded at $6.4050, with a volume of 2,426,654 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on ASM shares. HC Wainwright lifted their price objective on Avino Silver & Gold Mines from $6.10 to $7.60 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Zacks Research cut shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Roth Capital set a $5.50 price target on Avino Silver & Gold Mines in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.55.

Avino Silver & Gold Mines Price Performance

The business has a fifty day moving average of $5.79 and a 200-day moving average of $4.86. 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 firm has a market cap of $1.14 billion, a PE ratio of 352.18 and a beta of 1.60.

Institutional Trading of Avino Silver & Gold Mines

A number of hedge funds and other institutional investors have recently modified their holdings of ASM. Tidal Investments LLC boosted its position in shares of Avino Silver & Gold Mines by 94.3% in the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after purchasing an additional 3,497,923 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Avino Silver & Gold Mines by 239.7% in the third quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after acquiring an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Avino Silver & Gold Mines by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock worth $30,592,000 after purchasing an additional 1,621,634 shares during the last quarter. Van ECK Associates Corp bought a new stake in Avino Silver & Gold Mines in the 3rd quarter worth approximately $28,208,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Avino Silver & Gold Mines by 702.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after buying an additional 2,691,743 shares during the last quarter. 3.11% of the stock is 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.