Avino Silver & Gold Mines (NYSE:ASM) Trading Down 6% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM)’s stock price was down 6% during mid-day trading on Wednesday . The stock traded as low as $1.09 and last traded at $1.09. Approximately 1,435,172 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 3,013,741 shares. The stock had previously closed at $1.16.

Analyst Ratings Changes

Several equities analysts recently issued reports on ASM shares. HC Wainwright lifted their price target on shares of Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a report on Thursday, November 14th. Roth Mkm reissued a “buy” rating and set a $1.80 price objective (down from $1.90) on shares of Avino Silver & Gold Mines in a report on Thursday, November 14th. Finally, Alliance Global Partners increased their target price on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a research note on Friday, October 18th.

Avino Silver & Gold Mines Price Performance

The company has a market capitalization of $153.10 million, a P/E ratio of 54.50 and a beta of 1.97. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $1.26 and its 200 day moving average price is $1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its position in shares of Avino Silver & Gold Mines by 276.3% during the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after purchasing an additional 28,771 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Avino Silver & Gold Mines in the third quarter valued at $100,000. Rathbones Group PLC acquired a new position in Avino Silver & Gold Mines during the 2nd quarter valued at about $135,000. Marshall Wace LLP purchased a new position in shares of Avino Silver & Gold Mines during the second quarter valued at approximately $165,000. Finally, Tidal Investments LLC bought a new stake in shares of Avino Silver & Gold Mines in the 1st quarter worth $1,906,000. 3.11% of the stock is 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; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.