Bard Associates Inc. Sells 15,000 Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM)

Bard Associates Inc. trimmed its stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 757,599 shares of the company’s stock after selling 15,000 shares during the period. Bard Associates Inc. owned 0.56% of Avino Silver & Gold Mines worth $833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ASM. Marshall Wace LLP acquired a new position in shares of Avino Silver & Gold Mines during the second quarter valued at about $165,000. Rathbones Group PLC acquired a new position in shares of Avino Silver & Gold Mines in the second quarter valued at about $135,000. Finally, Tidal Investments LLC purchased a new position in shares of Avino Silver & Gold Mines in the first quarter worth about $1,906,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Stock Down 0.9 %

Shares of NYSE ASM opened at $1.10 on Friday. The stock has a market cap of $154.51 million, a PE ratio of 55.53 and a beta of 1.97. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. Avino Silver & Gold Mines Ltd. has a 12-month low of $0.44 and a 12-month high of $1.56. The company has a 50-day moving average of $1.28 and a 200 day moving average of $1.12.

Avino Silver & Gold Mines (NYSE:ASM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Avino Silver & Gold Mines had a return on equity of 12.29% and a net margin of 6.57%. The firm had revenue of $14.79 million for the quarter, compared to the consensus estimate of $13.50 million. As a group, sell-side analysts predict that Avino Silver & Gold Mines Ltd. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Alliance Global Partners increased their price target on shares of Avino Silver & Gold Mines from $1.70 to $2.20 and gave the stock a “buy” rating in a report on Friday, October 18th. Roth Mkm reaffirmed a “buy” rating and issued a $1.80 price target (down from $1.90) on shares of Avino Silver & Gold Mines in a report on Thursday. Finally, HC Wainwright lifted their price objective on Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a research note on Thursday.

Avino Silver & Gold Mines 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.