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

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

Wall Street Analyst Weigh In

A number of research firms have commented on ASM. Alliance Global Partners increased their price target 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. HC Wainwright reaffirmed a “buy” rating and issued a $1.50 price objective 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 target price (up 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 debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30. The stock has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $1.09. The company has a market capitalization of $185.96 million, a price-to-earnings ratio of 18.50 and a beta of 2.00.

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

Institutional Trading of Avino Silver & Gold Mines

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $165,000. Rathbones Group PLC acquired a new position in Avino Silver & Gold Mines in the 2nd quarter valued at $135,000. Finally, Tidal Investments LLC purchased a new position in Avino Silver & Gold Mines in the 1st quarter valued at $1,906,000. Hedge funds and other institutional investors own 3.11% of the company’s stock.

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.