143,570 Shares in Avino Silver & Gold Mines Ltd. $ASM Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 143,570 shares of the company’s stock, valued at approximately $910,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter worth approximately $15,116,000. Mackenzie Financial Corp grew its position in shares of Avino Silver & Gold Mines by 239.7% in the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock valued at $30,651,000 after buying an additional 4,124,392 shares during the last quarter. Tidal Investments LLC grew its position in shares of Avino Silver & Gold Mines by 94.3% in the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock valued at $37,840,000 after buying an additional 3,497,923 shares during the last quarter. Jane Street Group LLC grew its position in shares of Avino Silver & Gold Mines by 1,135.9% in the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock valued at $7,719,000 after buying an additional 1,142,492 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Avino Silver & Gold Mines by 278.5% during the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company’s stock worth $5,387,000 after acquiring an additional 755,189 shares in the last quarter. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Roth Capital reduced their price target on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. HC Wainwright cut their target price on Avino Silver & Gold Mines from $13.00 to $10.25 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and an average price target of $8.50.

Avino Silver & Gold Mines Price Performance

Shares of NYSE ASM opened at $7.14 on Thursday. The stock has a market cap of $1.21 billion, a P/E ratio of 357.18 and a beta of 1.76. Avino Silver & Gold Mines Ltd. has a twelve month low of $3.66 and a twelve month high of $11.99. The stock has a 50 day moving average of $6.14 and a two-hundred day moving average of $7.17. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Vancouver-based precious metals producer and explorer focused on the mining of silver, gold and copper. The company’s flagship asset is the 100%-owned Avino Mine, situated near the historic town of Avino in the state of Durango, Mexico. Avino’s operations encompass underground and open‐pit mining, milling and tailings reprocessing, delivering a diversified metal output. In addition to silver and gold production, the Avino Mine yields significant copper by-product credits, enhancing overall project economics.

Beyond its core Mexican operations, Avino holds interests in several exploration and development properties across North America.