Avino Silver & Gold Mines (NYSE:ASM) Shares Down 6.1% - Here's What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report)'s stock price fell 6.1% on Wednesday . The stock traded as low as $1.83 and last traded at $1.79. 4,406,418 shares were traded during mid-day trading, an increase of 192% from the average session volume of 1,507,827 shares. The stock had previously closed at $1.90.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Avino Silver & Gold Mines from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. HC Wainwright raised their target price on shares of Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a "buy" rating in a research report on Wednesday, March 12th.

Avino Silver & Gold Mines Trading Down 3.6 %

The company has a market capitalization of $266.24 million, a price-to-earnings ratio of 94.55 and a beta of 1.87. The stock has a 50-day simple moving average of $1.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in Avino Silver & Gold Mines by 276.3% during the 3rd quarter. Jane Street Group LLC now owns 39,184 shares of the company's stock worth $43,000 after acquiring an additional 28,771 shares during the period. Mariner LLC acquired a new stake in Avino Silver & Gold Mines during the fourth quarter worth approximately $41,000. Sprott Inc. increased its holdings in Avino Silver & Gold Mines by 37.4% in the fourth quarter. Sprott Inc. now owns 251,400 shares of the company's stock worth $221,000 after purchasing an additional 68,400 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines in the fourth quarter valued at approximately $67,000. Finally, XTX Topco Ltd lifted its stake in Avino Silver & Gold Mines by 83.3% in the fourth quarter. XTX Topco Ltd now owns 166,641 shares of the company's stock valued at $147,000 after buying an additional 75,750 shares during the period. 3.11% of the stock is owned by institutional investors.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.