Avino Silver & Gold Mines (NYSE:ASM) Trading Down 5.3%

Avino Silver & Gold Mines Ltd. (NYSE:ASM) traded down 5.3% on Tuesday . The company traded as low as $0.59 and last traded at $0.59. 535,954 shares changed hands during trading, an increase of 47% from the average session volume of 363,895 shares. The stock had previously closed at $0.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASM shares. HC Wainwright reduced their price objective on Avino Silver & Gold Mines from $1.80 to $1.70 and set a “buy” rating for the company in a research note on Friday, August 11th. StockNews.com upgraded Avino Silver & Gold Mines from a “sell” rating to a “hold” rating in a research note on Monday, August 28th.

Avino Silver & Gold Mines Trading Down 5.3 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.33. The company has a market capitalization of $70.51 million, a price-to-earnings ratio of 59.06 and a beta of 1.80. The business’s 50-day simple moving average is $0.66 and its 200-day simple moving average is $0.68.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Avino Silver & Gold Mines by 48.3% during the second quarter. Renaissance Technologies LLC now owns 1,339,500 shares of the company’s stock worth $884,000 after buying an additional 436,400 shares during the last quarter. Virtu Financial LLC grew its holdings in Avino Silver & Gold Mines by 25.9% during the 1st quarter. Virtu Financial LLC now owns 111,626 shares of the company’s stock worth $105,000 after acquiring an additional 22,934 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Avino Silver & Gold Mines by 12.4% during the 2nd quarter. Citadel Advisors LLC now owns 147,818 shares of the company’s stock worth $98,000 after buying an additional 16,347 shares during the period. Jane Street Group LLC increased its position in shares of Avino Silver & Gold Mines by 378.3% during the first quarter. Jane Street Group LLC now owns 57,470 shares of the company’s stock worth $51,000 after buying an additional 45,454 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Avino Silver & Gold Mines in the 2nd quarter valued at about $37,000. 2.34% of the stock is currently owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprises four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.