U S Global Investors Inc. Sells 510,000 Shares of Avino Silver & Gold Mines Ltd. $ASM

U S Global Investors Inc. lessened its holdings in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 83.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 510,000 shares during the quarter. U S Global Investors Inc.’s holdings in Avino Silver & Gold Mines were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASM. Tidal Investments LLC raised its stake in shares of Avino Silver & Gold Mines by 32.9% during the 2nd quarter. Tidal Investments LLC now owns 8,851,886 shares of the company’s stock worth $56,113,000 after buying an additional 2,191,951 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Avino Silver & Gold Mines by 69.6% in 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 during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Avino Silver & Gold Mines in the 1st quarter valued at approximately $4,090,000. SG Americas Securities LLC purchased a new stake in shares of Avino Silver & Gold Mines in the first quarter valued at approximately $3,433,000. Finally, Bank of America Corp DE purchased a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at approximately $2,096,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

Avino Silver & Gold Mines Stock Down 8.4%

Avino Silver & Gold Mines stock opened at $4.77 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. The firm has a market capitalization 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 stock’s fifty day moving average is $6.34 and its two-hundred day moving average is $6.46.

Analyst Upgrades and Downgrades

ASM has been the topic of a number of recent analyst reports. HC Wainwright upped their price objective on Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Roth Capital raised Avino Silver & Gold Mines from a “neutral” rating to a “buy” rating and reduced their target price for the company from $8.00 to $7.00 in a report on Friday, October 16th. Finally, National Bank Financial initiated coverage on Avino Silver & Gold Mines in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Avino Silver & Gold Mines has an average rating of “Moderate Buy” and an average price target of $8.75.

Avino Silver & Gold Mines Profile

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.