Avino Silver & Gold Mines Ltd. $ASM Shares Sold by U S Global Investors Inc.

Key Points

• U.S. Global Investors cut its Avino Silver & Gold Mines stake by 83.6% in the third quarter, selling 510,000 shares and retaining 100,000 shares valued at approximately $555,000.
• Other institutional activity was mixed: Tidal Investments increased its position by 32.9%, while several firms established new stakes. Institutional investors and hedge funds collectively own 3.11% of ASM.
• Analyst sentiment remains positive, with four Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $8.75. ASM shares opened at $4.77, down 8.4%, and remain well below their 52-week high of $11.99.

U S Global Investors Inc. trimmed its position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) by 83.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company's stock after selling 510,000 shares during the quarter. U S Global Investors Inc. owned 0.06% of Avino Silver & Gold Mines worth $555,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in shares of Avino Silver & Gold Mines by 32.9% during the second quarter. Tidal Investments LLC now owns 8,851,886 shares of the company's stock worth $56,113,000 after purchasing an additional 2,191,951 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $4,090,000. SG Americas Securities LLC purchased a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $3,433,000. Bank of America Corp DE acquired a new stake in Avino Silver & Gold Mines during the 2nd quarter worth approximately $2,096,000. Finally, Renaissance Technologies LLC acquired a new stake in Avino Silver & Gold Mines during the 1st quarter worth approximately $1,990,000. 3.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASM has been the subject of several research reports. HC Wainwright boosted their price target on shares of 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. National Bank Financial initiated coverage on Avino Silver & Gold Mines in a research note on Thursday, October 8th. They issued an "outperform" rating on the stock. Finally, Roth Capital upgraded Avino Silver & Gold Mines from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $8.00 to $7.00 in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $8.75.

Avino Silver & Gold Mines Stock Down 8.4%

Shares of NYSE:ASM opened at $4.77 on Friday. The firm's 50 day moving average price is $6.34 and its 200 day moving average price is $6.46. The stock has a market cap of $810.21 million, a price-to-earnings ratio of 238.62 and a beta of 1.79. Avino Silver & Gold Mines Ltd. has a fifty-two week low of $4.05 and a fifty-two week high of $11.99. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. is a Canadian precious metals mining company focused on the exploration, development and production of silver, gold and copper. The company's shares trade on the NYSE American under the symbol ASM.

Avino's principal operating asset is the Avino Mine, located near Durango, Mexico. The property includes underground mining operations and a processing facility that produces silver, gold and copper concentrates. The company also owns the nearby La Preciosa project, a silver-gold development property, and continues to evaluate exploration and development opportunities in the region.

Avino also holds the Bralorne Gold Project in British Columbia, Canada, an exploration and development asset with a history of underground gold mining.

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