Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 4.5% – Should You Sell?

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASM shares. Roth Mkm reaffirmed a “buy” rating and set a $1.60 price target (up from $1.25) on shares of Avino Silver & Gold Mines in a report on Wednesday, July 17th. HC Wainwright reaffirmed a “buy” rating and set a $1.50 target price on shares of Avino Silver & Gold Mines in a research note on Friday, October 18th. Finally, 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.

Avino Silver & Gold Mines Stock Performance

The company has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.09. The company has a market capitalization of $185.96 million, a P/E ratio of 18.50 and a beta of 2.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30.

Avino Silver & Gold Mines (NYSE:ASM) last posted its earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping 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 firm had revenue of $14.79 million for the quarter, compared to analyst estimates of $13.50 million. Equities analysts forecast that Avino Silver & Gold Mines Ltd. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Avino Silver & Gold Mines

A number of institutional investors have recently made changes to their positions in ASM. Rathbones Group PLC bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter valued at $135,000. Marshall Wace LLP bought a new position in Avino Silver & Gold Mines during the second quarter worth $165,000. Finally, Tidal Investments LLC acquired a new position in Avino Silver & Gold Mines in the first quarter valued at $1,906,000. 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.