Avino Silver & Gold Mines Ltd. $ASM Shares Newly Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 330,673 shares of Avino Silver & Gold Mines during the second quarter, worth approximately $2.1 million and representing 0.19% of the company.
• Several institutional investors recently initiated or increased positions in Avino, though institutional and hedge-fund ownership remains modest at 3.11%.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $8.92, despite shares opening at $5.55 and trading down 1.4%.

Bank of America Corp DE purchased a new stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 330,673 shares of the company's stock, valued at approximately $2,096,000. Bank of America Corp DE owned 0.19% of Avino Silver & Gold Mines as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Avino Silver & Gold Mines during the 1st quarter worth about $4,090,000. SG Americas Securities LLC purchased a new stake in Avino Silver & Gold Mines during the first quarter worth about $3,433,000. Rothschild Wealth LLC purchased a new stake in Avino Silver & Gold Mines during the fourth quarter worth about $2,174,000. Renaissance Technologies LLC purchased a new stake in Avino Silver & Gold Mines during the first quarter worth about $1,990,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Avino Silver & Gold Mines by 69.6% during the first quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company's stock worth $4,758,000 after purchasing an additional 309,139 shares in the last quarter. 3.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a "buy" rating in a report on Thursday, August 13th. Roth Capital increased their target price on shares of Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $8.92.

Avino Silver & Gold Mines Stock Down 1.4%

Shares of NYSE:ASM opened at $5.55 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines Ltd. has a twelve month low of $4.05 and a twelve month high of $11.99. The company has a market capitalization of $942.70 million, a PE ratio of 277.64 and a beta of 1.82. The firm has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $6.56.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd. is a Canadian mining and mineral exploration company focused on the acquisition, development and operation of precious- and base-metal properties. Its principal operating asset is the Avino Mine in Durango, Mexico, which produces silver, gold and copper from underground mining and processing operations.

The Avino property has a long production history, with mining dating back to the 16th century and modern commercial production beginning in the 1970s.

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