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

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $5.57, but opened at $5.27. Avino Silver & Gold Mines shares last traded at $5.3120, with a volume of 651,836 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ASM shares. National Bank Financial started coverage on shares of Avino Silver & Gold Mines in a report on Thursday. They issued an “outperform” rating for the company. Roth Capital boosted their price objective on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, HC Wainwright upped their target price on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.92.

Avino Silver & Gold Mines Price 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 50-day moving average of $6.61 and a 200-day moving average of $6.53. The stock has a market capitalization of $927.41 million, a price-to-earnings ratio of 273.14 and a beta of 1.79.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASM. The Manufacturers Life Insurance Company purchased a new stake in Avino Silver & Gold Mines in the 1st quarter worth approximately $910,000. Tidal Investments LLC raised its holdings in Avino Silver & Gold Mines by 32.9% in the 2nd quarter. Tidal Investments LLC now owns 8,851,886 shares of the company’s stock valued at $56,113,000 after acquiring an additional 2,191,951 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Avino Silver & Gold Mines by 69.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company’s stock worth $4,758,000 after purchasing an additional 309,139 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Avino Silver & Gold Mines during the 1st quarter worth $1,990,000. Finally, Legal & General Group Plc purchased a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth $669,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Canadian mining company engaged in the acquisition, exploration, development and operation of precious- and base-metal properties. The company’s principal products are silver, gold and copper, with its activities focused primarily on projects in Mexico and Canada.

Avino’s core operation is the Avino Mine, located near Durango, Mexico. The property has a long operating history and includes multiple deposits and mining areas, including the Avino and San Gonzalo zones.