Tidal Investments LLC Raises Holdings in Avino Silver & Gold Mines Ltd. $ASM

Tidal Investments LLC lifted its stake in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 32.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,851,886 shares of the company’s stock after buying an additional 2,191,951 shares during the quarter. Tidal Investments LLC owned approximately 0.05% of Avino Silver & Gold Mines worth $56,113,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ASM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Avino Silver & Gold Mines in the second quarter valued at approximately $15,116,000. Mackenzie Financial Corp grew its holdings in Avino Silver & Gold Mines by 239.7% during the 3rd quarter. Mackenzie Financial Corp now owns 5,844,715 shares of the company’s stock worth $30,651,000 after acquiring an additional 4,124,392 shares in the last quarter. Jane Street Group LLC grew its holdings in Avino Silver & Gold Mines by 1,135.9% during the 4th quarter. Jane Street Group LLC now owns 1,243,074 shares of the company’s stock worth $7,719,000 after acquiring an additional 1,142,492 shares in the last quarter. Millennium Management LLC increased its position in shares of 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 purchasing an additional 755,189 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Avino Silver & Gold Mines by 610.3% in the 2nd quarter. Bank of America Corp DE now owns 876,330 shares of the company’s stock valued at $3,155,000 after purchasing an additional 752,949 shares in the last quarter. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Stock Performance

Shares of ASM opened at $7.36 on Thursday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 368.18 and a beta of 1.82. Avino Silver & Gold Mines Ltd. has a 52-week low of $4.00 and a 52-week high of $11.99. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $6.82.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ASM shares. HC Wainwright lifted their price objective on shares of Avino Silver & Gold Mines from $10.25 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Roth Capital raised their price target on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Avino Silver & Gold Mines presently has an average rating of “Moderate Buy” and an average price target of $8.92.

Avino Silver & Gold Mines Company 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.