Avino Silver & Gold Mines (NYSE:ASM) Shares Gap Down – Should You Sell?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares gapped down before the market opened on Friday . The stock had previously closed at $11.02, but opened at $9.55. Avino Silver & Gold Mines shares last traded at $9.8530, with a volume of 2,191,509 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ASM shares. Industrial Alliance Securities set a $8.75 price target on shares of Avino Silver & Gold Mines in a research report on Friday, January 23rd. HC Wainwright increased their price objective on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a research note on Friday, January 23rd. Roth Mkm lifted their target price on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, January 23rd. Finally, Zacks Research lowered Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Two investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Avino Silver & Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The company has a market cap of $1.45 billion, a PE ratio of 449.72 and a beta of 1.60. The company’s 50 day moving average price is $6.65 and its 200-day moving average price is $5.22.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stone House Investment Management LLC raised its position in shares of Avino Silver & Gold Mines by 1,137.6% in the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after purchasing an additional 3,868 shares during the period. Lodestone Wealth Management LLC purchased a new position in Avino Silver & Gold Mines in the 4th quarter valued at approximately $37,000. Pinion Investment Advisors LLC bought a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at $41,000. Global Retirement Partners LLC purchased a new stake in shares of Avino Silver & Gold Mines during the third quarter worth $44,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Avino Silver & Gold Mines by 42.4% during the third quarter. SBI Securities Co. Ltd. now owns 8,440 shares of the company’s stock worth $44,000 after acquiring an additional 2,515 shares in the last quarter. Institutional investors own 3.11% of the company’s stock.

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.