U S Global Investors Inc. Takes Position in Avino Silver & Gold Mines Ltd. $ASM

U S Global Investors Inc. bought a new stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $632,000. U S Global Investors Inc. owned 0.06% of Avino Silver & Gold Mines as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ASM. Stone House Investment Management LLC increased its position in Avino Silver & Gold Mines by 1,137.6% during the fourth quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock worth $26,000 after buying an additional 3,868 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth approximately $37,000. Banque Cantonale Vaudoise acquired a new position in shares of Avino Silver & Gold Mines in the 4th quarter valued at $44,000. Harbor Investment Advisory LLC purchased a new stake in Avino Silver & Gold Mines in the 1st quarter valued at $44,000. Finally, Dynamic Technology Lab Private Ltd raised its position in Avino Silver & Gold Mines by 18.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company’s stock valued at $58,000 after purchasing an additional 4,904 shares during the last quarter. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of Avino Silver & Gold Mines to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Roth Capital reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.92.

Avino Silver & Gold Mines Stock Performance

Shares of Avino Silver & Gold Mines stock traded down $0.10 during trading hours on Friday, hitting $6.05. 1,688,293 shares of the company were exchanged, compared to its average volume of 5,445,757. Avino Silver & Gold Mines Ltd. has a 1 year low of $3.10 and a 1 year 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 business has a 50-day moving average of $6.59 and a 200-day moving average of $7.27. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 302.65 and a beta of 1.73.

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.