Avino Silver & Gold Mines (NYSE:ASM) Shares Down 6% – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Avino Silver & Gold Mines Price Performance

The firm has a market capitalization of $153.10 million, a PE ratio of 54.50 and a beta of 1.97. The company has a fifty day moving average price of $1.26 and a two-hundred day moving average price of $1.13. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in shares of Avino Silver & Gold Mines by 276.3% in the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after buying an additional 28,771 shares during the last quarter. XTX Topco Ltd acquired a new position in Avino Silver & Gold Mines in the third quarter worth approximately $100,000. Rathbones Group PLC acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter worth about $135,000. Marshall Wace LLP acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at $165,000. Finally, Tidal Investments LLC acquired a new stake in Avino Silver & Gold Mines during the 1st quarter worth about $1,906,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

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.