The Manufacturers Life Insurance Company Acquires New Position in Avino Silver & Gold Mines Ltd. $ASM

The Manufacturers Life Insurance Company acquired a new position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 143,129 shares of the company’s stock, valued at approximately $905,000. The Manufacturers Life Insurance Company owned 0.08% of Avino Silver & Gold Mines as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Avino Silver & Gold Mines during the 1st quarter worth approximately $29,000. Harbor Investment Advisory LLC acquired a new position in Avino Silver & Gold Mines during the 1st quarter valued at approximately $44,000. Banque Cantonale Vaudoise acquired a new position in Avino Silver & Gold Mines during the 4th quarter valued at approximately $44,000. Euro Pacific Asset Management LLC bought a new position in Avino Silver & Gold Mines during the 1st quarter worth $63,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Avino Silver & Gold Mines by 387.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,246 shares of the company’s stock worth $64,000 after buying an additional 8,142 shares during the last quarter. 3.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASM. Roth Capital increased their target price on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. HC Wainwright boosted their price target on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.92.

Avino Silver & Gold Mines Price Performance

Shares of NYSE:ASM opened at $7.33 on Friday. The firm’s 50 day moving average is $6.52 and its two-hundred day moving average is $6.87. The firm has a market capitalization of $1.25 billion, a P/E ratio of 366.68 and a beta of 1.82. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines Ltd. has a 52 week low of $4.00 and a 52 week high of $11.99.

Avino Silver & Gold Mines Profile

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.