Avino Silver & Gold Mines Ltd. $ASM Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Avino Silver & Gold Mines stake by 69.6% in the first quarter, reaching 753,417 shares valued at approximately $4.76 million. Institutional investors and hedge funds collectively own 3.11% of ASM.
• Analyst sentiment remains cautiously positive: ASM has a consensus rating of “Moderate Buy” with an average price target of $8.50, although recent target cuts placed individual estimates at $6.50 and $10.25.
• ASM shares traded at $7.38, up 1%, with a market capitalization of about $1.25 billion. Avino operates silver, gold and copper mining assets, primarily through its 100%-owned Avino Mine in Durango, Mexico.

Dimensional Fund Advisors LP lifted its stake in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) by 69.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 753,417 shares of the company's stock after acquiring an additional 309,139 shares during the quarter. Dimensional Fund Advisors LP owned 0.45% of Avino Silver & Gold Mines worth $4,758,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC lifted its stake in Avino Silver & Gold Mines by 94.3% during the third quarter. Tidal Investments LLC now owns 7,207,592 shares of the company's stock valued at $37,840,000 after buying an additional 3,497,923 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Avino Silver & Gold Mines by 239.7% in the third 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Avino Silver & Gold Mines by 38.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,830,893 shares of the company's stock worth $30,592,000 after acquiring an additional 1,621,634 shares in the last quarter. Jane Street Group LLC increased its position 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 acquiring an additional 1,142,492 shares in the last quarter. Finally, Man Group plc raised its holdings in shares of Avino Silver & Gold Mines by 24.6% during the fourth quarter. Man Group plc now owns 1,217,087 shares of the company's stock valued at $7,558,000 after acquiring an additional 240,109 shares during the period. 3.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASM has been the subject of a number of recent analyst reports. Roth Capital decreased their price objective on shares of Avino Silver & Gold Mines from $8.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. HC Wainwright reduced their target price on Avino Silver & Gold Mines from $13.00 to $10.25 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.50.

Avino Silver & Gold Mines Trading Up 1.0%

Shares of NYSE:ASM opened at $7.38 on Wednesday. The firm has a fifty day moving average of $6.13 and a two-hundred day moving average of $7.18. 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 12-month low of $3.66 and a 12-month high of $11.99. The firm has a market capitalization of $1.25 billion, a P/E ratio of 369.18 and a beta of 1.76.

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.

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