JPMorgan Chase & Co. Purchases Shares of 185,080 Avino Silver & Gold Mines Ltd. $ASM

Key Points

• JPMorgan Chase & Co. bought a new stake of 185,080 shares in Avino Silver & Gold Mines (NYSE:ASM) in Q3, valued at about $972,000 and representing roughly 0.12% ownership at the end of the period.
• Several large institutions also added or increased positions (notably VanEck's new ~$28.2M stake and big increases from Mackenzie, Tidal and Millennium), institutional ownership totals about 3.11%, and analysts hold a consensus "Moderate Buy" with a $9.50 price target (HC Wainwright raised its target to $12.50).

JPMorgan Chase & Co. purchased a new stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 185,080 shares of the company's stock, valued at approximately $972,000. JPMorgan Chase & Co. owned 0.12% of Avino Silver & Gold Mines at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASM. Van ECK Associates Corp purchased a new stake in Avino Silver & Gold Mines in the 3rd quarter valued at about $28,208,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Avino Silver & Gold Mines in the 2nd quarter valued at about $15,116,000. Mackenzie Financial Corp grew its holdings in Avino Silver & Gold Mines by 239.7% in the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company's stock valued at $30,651,000 after buying an additional 4,124,392 shares during the period. Tidal Investments LLC grew its holdings in Avino Silver & Gold Mines by 94.3% in the 3rd 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 during the period. Finally, Millennium Management LLC grew its holdings in Avino Silver & Gold Mines by 278.5% in the 3rd quarter. Millennium Management LLC now owns 1,026,384 shares of the company's stock valued at $5,387,000 after buying an additional 755,189 shares during the period. Hedge funds and other institutional investors own 3.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASM. HC Wainwright lifted their price target on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the company a "buy" rating in a report on Friday, January 23rd. iA Financial set a $8.75 price target on Avino Silver & Gold Mines in a report on Friday, January 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Avino Silver & Gold Mines in a report on Friday, February 20th. Finally, Roth Mkm boosted their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Two research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

Avino Silver & Gold Mines Stock Up 0.4%

Shares of NYSE:ASM opened at $7.04 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. Avino Silver & Gold Mines Ltd. has a 1 year low of $1.85 and a 1 year high of $11.99. The stock has a market capitalization of $1.19 billion, a P/E ratio of 352.18 and a beta of 1.79. The stock has a 50-day simple moving average of $7.98 and a 200-day simple moving average of $6.60.

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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