Baader Bank Aktiengesellschaft Invests $292,000 in Avino Silver & Gold Mines Ltd. (NYSE:ASM)

Key Points

• Baader Bank Aktiengesellschaft acquired a new position in Avino Silver & Gold Mines Ltd. during Q1, purchasing 169,436 shares valued at approximately $292,000.
• Several institutional investors, including Mariner LLC and JPMorgan Chase & Co., have recently increased their stakes in Avino Silver & Gold Mines, bringing the total institutional ownership to 3.11%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Avino Silver & Gold Mines, with average price targets ranging from $2.58 to $3.50.

Baader Bank Aktiengesellschaft acquired a new position in Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 169,436 shares of the company's stock, valued at approximately $292,000. Baader Bank Aktiengesellschaft owned about 0.12% of Avino Silver & Gold Mines at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ASM. Renaissance Technologies LLC grew its position in Avino Silver & Gold Mines by 382.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,874,867 shares of the company's stock valued at $1,652,000 after purchasing an additional 1,485,910 shares in the last quarter. Trek Financial LLC acquired a new stake in shares of Avino Silver & Gold Mines in the first quarter worth $1,327,000. Bank of America Corp DE increased its position in Avino Silver & Gold Mines by 184,842.4% during the fourth quarter. Bank of America Corp DE now owns 571,472 shares of the company's stock worth $503,000 after acquiring an additional 571,163 shares during the period. Millennium Management LLC bought a new position in Avino Silver & Gold Mines during the fourth quarter worth $492,000. Finally, Jane Street Group LLC increased its position in Avino Silver & Gold Mines by 920.2% during the fourth quarter. Jane Street Group LLC now owns 399,750 shares of the company's stock worth $352,000 after acquiring an additional 360,566 shares during the period. Institutional investors and hedge funds own 3.11% of the company's stock.

Avino Silver & Gold Mines Price Performance

Shares of ASM traded up $0.20 during trading hours on Tuesday, hitting $3.57. The stock had a trading volume of 3,641,007 shares, compared to its average volume of 3,753,329. The company's fifty day moving average is $3.58 and its two-hundred day moving average is $2.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. Avino Silver & Gold Mines Ltd. has a 52 week low of $0.83 and a 52 week high of $4.41. The stock has a market capitalization of $520.07 million, a price-to-earnings ratio of 178.34 and a beta of 1.59.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ASM shares. HC Wainwright boosted their target price on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen lowered shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Roth Capital reissued a "neutral" rating and issued a $3.50 price target on shares of Avino Silver & Gold Mines in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2.58.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.