Avino Silver & Gold Mines (NYSE:ASM) Trading Down 6.1% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares traded down 6.1% on Wednesday . The stock traded as low as $1.83 and last traded at $1.79. 4,406,418 shares changed hands during mid-day trading, an increase of 192% from the average session volume of 1,507,827 shares. The stock had previously closed at $1.90.

Analysts Set New Price Targets

ASM has been the subject of a number of analyst reports. HC Wainwright increased their price target on shares of Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a “buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded Avino Silver & Gold Mines from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Avino Silver & Gold Mines Stock Performance

The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $253.56 million, a PE ratio of 90.05 and a beta of 1.87. The business’s 50 day moving average is $1.53 and its 200 day moving average is $1.25.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the business. Mariner LLC bought a new position in Avino Silver & Gold Mines in the 4th quarter valued at $41,000. Jane Street Group LLC grew its holdings in shares of Avino Silver & Gold Mines by 276.3% in the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after purchasing an additional 28,771 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Avino Silver & Gold Mines in the 4th quarter worth about $67,000. Prudential Financial Inc. purchased a new stake in Avino Silver & Gold Mines in the 4th quarter valued at about $80,000. Finally, XTX Topco Ltd bought a new position in Avino Silver & Gold Mines in the 3rd quarter worth about $100,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.