Van ECK Associates Corp Decreases Stock Holdings in Avino Silver & Gold Mines Ltd. $ASM

Van ECK Associates Corp lowered its position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,822,657 shares of the company’s stock after selling 191,451 shares during the period. Van ECK Associates Corp owned 2.84% of Avino Silver & Gold Mines worth $30,573,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Avino Silver & Gold Mines in the second quarter valued at $15,116,000. Mackenzie Financial Corp increased its holdings 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 acquiring an additional 4,124,392 shares during the last quarter. Tidal Investments LLC increased its holdings 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 acquiring an additional 3,497,923 shares during the last quarter. Jane Street Group LLC increased its holdings 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 acquiring an additional 1,142,492 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of 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. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Price Performance

Shares of NYSE:ASM opened at $7.47 on Monday. Avino Silver & Gold Mines Ltd. has a fifty-two week low of $4.00 and a fifty-two week high of $11.99. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $6.38 and its 200-day simple moving average is $6.94. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 373.69 and a beta of 1.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Roth Capital boosted their target price on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. HC Wainwright raised their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.92.

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.