Y Intercept Hong Kong Ltd Takes Position in Avino Silver & Gold Mines Ltd. $ASM

Y Intercept Hong Kong Ltd acquired a new position in Avino Silver & Gold Mines Ltd. (NYSE:ASM) during the first quarter, Holdings Channel.com reports. The firm acquired 647,141 shares of the company’s stock, valued at approximately $4,090,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position 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 purchasing an additional 3,497,923 shares during the period. Mackenzie Financial Corp lifted 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 buying an additional 4,124,392 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Avino Silver & Gold Mines by 38.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company’s stock valued at $30,592,000 after buying an additional 1,621,634 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Avino Silver & Gold Mines in the third quarter worth about $28,208,000. Finally, Jane Street Group LLC boosted its stake in shares of Avino Silver & Gold Mines by 1,135.9% in the fourth quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock worth $7,719,000 after buying an additional 1,142,492 shares during the last quarter. 3.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASM has been the subject of several recent research reports. HC Wainwright lifted their price target on Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Roth Mkm restated a “neutral” rating and issued a $8.00 price objective on shares of Avino Silver & Gold Mines in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.

Avino Silver & Gold Mines Stock Performance

Shares of Avino Silver & Gold Mines stock opened at $6.57 on Monday. The firm has a 50-day simple moving average of $6.64 and a two-hundred day simple moving average of $7.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. Avino Silver & Gold Mines Ltd. has a fifty-two week low of $3.10 and a fifty-two week high of $11.99. The company has a market cap of $1.12 billion, a P/E ratio of 328.66 and a beta of 1.73.

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.