Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 4.5% – What’s Next?

Avino Silver & Gold Mines Ltd. (NYSE:ASM) shares dropped 4.5% during mid-day trading on Wednesday . The stock traded as low as $1.35 and last traded at $1.38. Approximately 1,964,703 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 1,178,883 shares. The stock had previously closed at $1.44.

Analyst Upgrades and Downgrades

ASM has been the topic of several recent research reports. Alliance Global Partners increased their price objective on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the stock a “buy” rating in a research report on Friday, October 18th. HC Wainwright reaffirmed a “buy” rating and set a $1.50 price target on shares of Avino Silver & Gold Mines in a research report on Friday, October 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $1.60 price objective (up previously from $1.25) on shares of Avino Silver & Gold Mines in a research note on Wednesday, July 17th.

Avino Silver & Gold Mines Price Performance

The company has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.09. The stock has a market capitalization of $185.96 million, a price-to-earnings ratio of 18.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 2.11.

Avino Silver & Gold Mines (NYSE:ASM) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Avino Silver & Gold Mines had a return on equity of 9.26% and a net margin of 3.07%. The business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $13.50 million. As a group, equities research analysts expect that Avino Silver & Gold Mines Ltd. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new stake in Avino Silver & Gold Mines during the first quarter worth $1,906,000. Rathbones Group PLC acquired a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth $135,000. Finally, Marshall Wace LLP acquired a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth $165,000. 3.11% of the stock is owned by institutional investors.

About Avino Silver & Gold Mines

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.