Alps Advisors Inc. Boosts Stock Holdings in Avino Silver & Gold Mines Ltd. $ASM

Alps Advisors Inc. increased its position in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 69.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,158 shares of the company’s stock after acquiring an additional 102,113 shares during the period. Alps Advisors Inc. owned about 0.16% of Avino Silver & Gold Mines worth $1,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth $15,116,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Avino Silver & Gold Mines by 702.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock valued at $11,069,000 after buying an additional 2,691,743 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Avino Silver & Gold Mines in the 2nd quarter worth about $6,194,000. Bank of America Corp DE boosted its holdings in shares of Avino Silver & Gold Mines by 610.3% during the 2nd quarter. Bank of America Corp DE now owns 876,330 shares of the company’s stock valued at $3,155,000 after acquiring an additional 752,949 shares during the last quarter. Finally, Man Group plc purchased a new stake in shares of Avino Silver & Gold Mines during the 2nd quarter valued at about $2,196,000. 3.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASM. Roth Mkm boosted their target price on shares of Avino Silver & Gold Mines from $5.50 to $7.25 and gave the company a “neutral” rating in a research note on Friday, January 23rd. iA Financial set a $8.75 price objective on Avino Silver & Gold Mines in a research report on Friday, January 23rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. HC Wainwright lifted their price target on shares of Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Avino Silver & Gold Mines currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Avino Silver & Gold Mines Trading Down 0.8%

Shares of ASM opened at $10.28 on Thursday. Avino Silver & Gold Mines Ltd. has a twelve month low of $1.15 and a twelve month high of $11.99. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $5.58. The company has a market cap of $1.66 billion, a P/E ratio of 514.01 and a beta of 1.59.

About Avino Silver & Gold Mines

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.