Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 2.8% - Here's What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) dropped 2.8% during trading on Wednesday . The stock traded as low as $0.85 and last traded at $0.86. Approximately 1,268,144 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 2,086,139 shares. The stock had previously closed at $0.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Mkm reaffirmed 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 report on Thursday, November 14th. Alliance Global Partners raised their price target on shares of Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, HC Wainwright upped their price objective on shares of Avino Silver & Gold Mines from $1.50 to $1.80 and gave the stock a "buy" rating in a report on Thursday, November 14th.

Avino Silver & Gold Mines Stock Performance

The company has a market cap of $135.90 million, a price-to-earnings ratio of 48.39 and a beta of 1.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The firm has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.14.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Avino Silver & Gold Mines in the third quarter valued at approximately $100,000. Tidal Investments LLC boosted its holdings in Avino Silver & Gold Mines by 105.2% in the 3rd quarter. Tidal Investments LLC now owns 6,900,224 shares of the company's stock valued at $7,590,000 after purchasing an additional 3,537,466 shares during the period. Marshall Wace LLP acquired a new stake in Avino Silver & Gold Mines in the 2nd quarter worth $165,000. Rathbones Group PLC bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth about $135,000. Finally, Jane Street Group LLC raised its position in shares of Avino Silver & Gold Mines by 276.3% during the third quarter. Jane Street Group LLC now owns 39,184 shares of the company's stock valued at $43,000 after buying an additional 28,771 shares during the last quarter. 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.