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

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) fell 2.8% during trading on Wednesday . The company traded as low as $0.85 and last traded at $0.86. 1,268,144 shares changed hands during trading, a decline of 39% from the average session volume of 2,086,139 shares. The stock had previously closed at $0.89.

Analyst Ratings Changes

ASM has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating and issued a $1.80 price target (down from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th. HC Wainwright raised their target price on Avino Silver & Gold Mines from $1.50 to $1.80 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Alliance Global Partners boosted their price target on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a report on Friday, October 18th.

Avino Silver & Gold Mines Trading Up 2.2 %

The firm has a market capitalization of $123.77 million, a P/E ratio of 44.07 and a beta of 1.91. The stock’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $1.14. 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

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of 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 valued at $43,000 after acquiring an additional 28,771 shares in the last quarter. XTX Topco Ltd purchased a new position in Avino Silver & Gold Mines in the 3rd quarter worth approximately $100,000. Rathbones Group PLC bought a new position in Avino Silver & Gold Mines in the 2nd quarter worth approximately $135,000. Marshall Wace LLP purchased a new stake in Avino Silver & Gold Mines during the 2nd quarter valued at approximately $165,000. Finally, Tidal Investments LLC raised its position in shares of Avino Silver & Gold Mines by 105.2% during the third quarter. Tidal Investments LLC now owns 6,900,224 shares of the company’s stock valued at $7,590,000 after buying an additional 3,537,466 shares during the last quarter. Hedge funds and other 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.