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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.59, but opened at $6.09. Avino Silver & Gold Mines shares last traded at $6.39, with a volume of 540,118 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Roth Mkm lifted their price target on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. iA Financial set a $8.75 target price on shares of Avino Silver & Gold Mines in a research report on Friday, January 23rd. Alliance Global Partners reissued a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Finally, HC Wainwright raised their price objective on 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Price Performance

The company has a market cap of $1.10 billion, a PE ratio of 326.66 and a beta of 1.79. The firm’s 50-day moving average is $8.31 and its 200-day moving average is $6.52. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in Avino Silver & Gold Mines by 1,244.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,287 shares of the company’s stock valued at $176,000 after acquiring an additional 26,183 shares during the period. OLD Mission Capital LLC purchased a new stake in Avino Silver & Gold Mines in the fourth quarter worth about $86,000. Oxford Asset Management LLP bought a new position in shares of Avino Silver & Gold Mines during the fourth quarter valued at approximately $276,000. Man Group plc increased its stake in shares of Avino Silver & Gold Mines by 24.6% during the fourth quarter. Man Group plc now owns 1,217,087 shares of the company’s stock valued at $7,558,000 after purchasing an additional 240,109 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Avino Silver & Gold Mines by 10.8% during the fourth quarter. Engineers Gate Manager LP now owns 134,996 shares of the company’s stock valued at $838,000 after purchasing an additional 13,130 shares during the last quarter. 3.11% of the stock is currently owned by institutional investors.

Avino Silver & Gold Mines Company Profile

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.