UBS Group AG Sells 114,786 Shares of Avino Silver & Gold Mines Ltd. $ASM

UBS Group AG decreased its holdings in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 20.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 452,904 shares of the company’s stock after selling 114,786 shares during the period. UBS Group AG owned approximately 0.28% of Avino Silver & Gold Mines worth $2,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ASM. Van ECK Associates Corp bought a new position in shares of Avino Silver & Gold Mines in the 3rd quarter valued at $28,208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Avino Silver & Gold Mines in the 2nd quarter valued at $15,116,000. Mackenzie Financial Corp increased its stake 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 purchasing an additional 4,124,392 shares during the last quarter. Tidal Investments LLC increased its stake 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 purchasing an additional 3,497,923 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Avino Silver & Gold Mines by 278.5% in the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company’s stock valued at $5,387,000 after purchasing an additional 755,189 shares during the last quarter. Institutional investors own 3.11% of the company’s stock.

Avino Silver & Gold Mines Stock Performance

NYSE ASM opened at $6.53 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines Ltd. has a twelve month low of $2.98 and a twelve month high of $11.99. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 326.66 and a beta of 1.68. The business’s fifty day moving average is $6.73 and its 200 day moving average is $6.99.

Wall Street Analysts Forecast Growth

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

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.