Spark Investment Management LLC Sells 57,000 Shares of Avino Silver & Gold Mines Ltd. $ASM

Spark Investment Management LLC reduced its position in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 29.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,000 shares of the company’s stock after selling 57,000 shares during the period. Avino Silver & Gold Mines comprises approximately 1.8% of Spark Investment Management LLC’s holdings, making the stock its 13th largest position. Spark Investment Management LLC owned approximately 0.09% of Avino Silver & Gold Mines worth $718,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Trek Financial LLC raised its stake in shares of Avino Silver & Gold Mines by 129.7% in the third quarter. Trek Financial LLC now owns 1,046,742 shares of the company’s stock worth $5,495,000 after purchasing an additional 591,121 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Avino Silver & Gold Mines by 69.9% during the third quarter. Alps Advisors Inc. now owns 248,158 shares of the company’s stock valued at $1,303,000 after buying an additional 102,113 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Avino Silver & Gold Mines by 702.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock worth $11,069,000 after buying an additional 2,691,743 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Avino Silver & Gold Mines in the 2nd quarter worth about $6,194,000. Finally, State of Wyoming bought a new position in Avino Silver & Gold Mines during the 3rd quarter valued at about $270,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASM. iA Financial set a $8.75 price target on shares of Avino Silver & Gold Mines in a research note on Friday, January 23rd. Zacks Research cut shares of Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Alliance Global Partners reiterated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. HC Wainwright increased their price target on 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, Roth Mkm raised their price target on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Avino Silver & Gold Mines Stock Performance

Shares of NYSE ASM opened at $9.62 on Monday. The firm has a 50 day moving average of $8.22 and a 200 day moving average of $6.08. 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 firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 481.24 and a beta of 1.59. Avino Silver & Gold Mines Ltd. has a 12-month low of $1.15 and a 12-month high of $11.99.

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.