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Avino Silver & Gold Mines (NYSE:ASM) Trading Down 6% - Here's Why

Avino Silver & Gold Mines logo with Basic Materials background

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price traded down 6% on Wednesday . The stock 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 analysts recently issued reports on ASM shares. Roth Mkm restated a "buy" rating and set a $1.80 target price (down from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th. HC Wainwright boosted their price objective on shares of Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Alliance Global Partners lifted their target price on 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.

Read Our Latest Report on Avino Silver & Gold Mines

Avino Silver & Gold Mines Stock Performance

The company has a market capitalization of $153.10 million, a P/E ratio of 54.53 and a beta of 1.97. The business's fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

Institutional Trading of Avino Silver & Gold Mines

A number of large investors have recently made changes to their positions in ASM. Jane Street Group LLC lifted its stake in 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. XTX Topco Ltd bought a new position in shares of Avino Silver & Gold Mines during the third quarter valued at approximately $100,000. Rathbones Group PLC purchased a new position in shares of Avino Silver & Gold Mines in the 2nd quarter valued at $135,000. Marshall Wace LLP bought a new position in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $165,000. Finally, Tidal Investments LLC purchased a new position in Avino Silver & Gold Mines in the first quarter worth $1,906,000. 3.11% of the stock is currently owned by institutional investors.

About Avino Silver & Gold Mines

(Get Free Report)

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.

Further Reading

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