The Manufacturers Life Insurance Company purchased a new position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 143,570 shares of the company's stock, valued at approximately $910,000. The Manufacturers Life Insurance Company owned 0.09% of Avino Silver & Gold Mines at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Avino Silver & Gold Mines by 69.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 753,417 shares of the company's stock valued at $4,758,000 after buying an additional 309,139 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Avino Silver & Gold Mines by 343.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 106,678 shares of the company's stock worth $674,000 after acquiring an additional 82,613 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Avino Silver & Gold Mines during the first quarter worth approximately $1,990,000. North Star Investment Management Corp. purchased a new position in shares of Avino Silver & Gold Mines during the first quarter worth approximately $1,896,000. Finally, Auxano Advisors LLC purchased a new position in shares of Avino Silver & Gold Mines during the fourth quarter worth approximately $1,801,000. 3.11% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on ASM. HC Wainwright lowered their price target on Avino Silver & Gold Mines from $13.00 to $10.25 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Roth Capital dropped their price target on Avino Silver & Gold Mines from $8.00 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Two investment 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $8.50.
Read Our Latest Stock Analysis on ASM
Avino Silver & Gold Mines Stock Down 3.3%
Shares of ASM opened at $7.14 on Thursday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 357.18 and a beta of 1.76. Avino Silver & Gold Mines Ltd. has a 52 week low of $3.66 and a 52 week high of $11.99. The stock's 50-day moving average price is $6.14 and its 200-day moving average price is $7.17. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01.
Avino Silver & Gold Mines Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ASM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avino Silver & Gold Mines Ltd. (NYSE:ASM - Free Report).
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