UBS Group AG Has $2.81 Million Stake in Avino Silver & Gold Mines Ltd. $ASM

UBS Group AG decreased its position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 20.2% during the 4th quarter, HoldingsChannel reports. The fund owned 452,904 shares of the company’s stock after selling 114,786 shares during the period. UBS Group AG’s holdings in Avino Silver & Gold Mines were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ASM. Van ECK Associates Corp acquired a new stake in shares of Avino Silver & Gold Mines during the 3rd quarter valued at $28,208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Avino Silver & Gold Mines during the 2nd quarter worth about $15,116,000. Mackenzie Financial Corp lifted its holdings in Avino Silver & Gold Mines by 239.7% during the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after buying an additional 4,124,392 shares during the period. Tidal Investments LLC lifted its holdings in Avino Silver & Gold Mines by 94.3% during the 3rd quarter. Tidal Investments LLC now owns 7,207,592 shares of the company’s stock worth $37,840,000 after buying an additional 3,497,923 shares during the period. Finally, Millennium Management LLC lifted its holdings 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 buying an additional 755,189 shares during the period. Institutional investors and hedge funds own 3.11% of the company’s stock.

Wall Street Analysts Forecast Growth

ASM has been the topic of several recent research reports. HC Wainwright lifted their target price on Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Roth Mkm reaffirmed a “neutral” rating and set a $8.00 target price on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Avino Silver & Gold Mines currently has a consensus rating of “Moderate Buy” and an average price target of $9.92.

Avino Silver & Gold Mines Price Performance

Shares of ASM opened at $6.53 on Tuesday. The company has a market capitalization of $1.10 billion, a PE ratio of 326.66 and a beta of 1.68. Avino Silver & Gold Mines Ltd. has a 12 month low of $2.98 and a 12 month high of $11.99. The stock’s 50-day moving average price is $6.73 and its two-hundred day moving average price is $6.99. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

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.