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

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ASM shares. HC Wainwright boosted their price objective on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a research note on Thursday, August 13th. Roth Capital lifted their target price on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, August 25th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.92.

Avino Silver & Gold Mines Stock Down 3.2%

The firm has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $6.87. The company has a market capitalization of $1.26 billion, a PE ratio of 372.44 and a beta of 1.82. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter valued at approximately $15,116,000. Mackenzie Financial Corp boosted its position in shares of Avino Silver & Gold Mines by 239.7% during the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after purchasing an additional 4,124,392 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Avino Silver & Gold Mines by 94.3% during 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 during the period. Jane Street Group LLC increased its holdings in shares of Avino Silver & Gold Mines by 1,135.9% in the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock valued at $7,719,000 after purchasing an additional 1,142,492 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Avino Silver & Gold Mines by 278.5% in the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company’s stock valued at $5,387,000 after purchasing an additional 755,189 shares in the last quarter. 3.11% of the stock is owned by hedge funds and other 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.