Avino Silver & Gold Mines Ltd. $ASM Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its Avino Silver & Gold Mines stake by 32.9% in the second quarter, purchasing 2.19 million additional shares to hold 8.85 million shares worth approximately $56.1 million, or 5.21% of the company.
• Other institutional investors also raised their positions, although hedge funds and institutions collectively own only 3.11% of Avino’s stock.
• ASM shares opened at $7.36, within a 12-month range of $4.00 to $11.99. Analysts maintain a “Moderate Buy” consensus with an average price target of $8.92.

Tidal Investments LLC boosted its position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,851,886 shares of the company's stock after buying an additional 2,191,951 shares during the period. Tidal Investments LLC owned 5.21% of Avino Silver & Gold Mines worth $56,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC lifted its stake in shares of Avino Silver & Gold Mines by 4.5% in the fourth quarter. Mariner LLC now owns 48,524 shares of the company's stock worth $301,000 after buying an additional 2,090 shares in the last quarter. LPL Financial LLC grew its stake in Avino Silver & Gold Mines by 0.9% during the 4th quarter. LPL Financial LLC now owns 291,913 shares of the company's stock valued at $1,813,000 after acquiring an additional 2,587 shares in the last quarter. Prudential Financial Inc. raised its holdings in Avino Silver & Gold Mines by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 77,600 shares of the company's stock valued at $279,000 after acquiring an additional 3,200 shares during the last quarter. Mindset Wealth Management LLC raised its holdings in Avino Silver & Gold Mines by 32.4% in the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company's stock valued at $102,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Avino Silver & Gold Mines by 17.2% in the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company's stock worth $176,000 after purchasing an additional 4,156 shares in the last quarter. Hedge funds and other institutional investors own 3.11% of the company's stock.

Avino Silver & Gold Mines Stock Performance

Shares of Avino Silver & Gold Mines stock opened at $7.36 on Thursday. The business has a 50-day moving average of $6.58 and a 200 day moving average of $6.82. Avino Silver & Gold Mines Ltd. has a 12 month low of $4.00 and a 12 month high of $11.99. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 368.18 and a beta of 1.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Analyst Ratings Changes

Several brokerages have recently weighed in on ASM. 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 report on Tuesday, August 25th. HC Wainwright boosted their price objective on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $8.92.

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.

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