Spark Investment Management LLC Trims Stock Holdings in Avino Silver & Gold Mines Ltd. $ASM

Spark Investment Management LLC lowered its stake in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 29.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,000 shares of the company’s stock after selling 57,000 shares during the quarter. Avino Silver & Gold Mines comprises 1.8% of Spark Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Spark Investment Management LLC’s holdings in Avino Silver & Gold Mines were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Trek Financial LLC increased its holdings in Avino Silver & Gold Mines by 129.7% in the 3rd quarter. Trek Financial LLC now owns 1,046,742 shares of the company’s stock worth $5,495,000 after acquiring an additional 591,121 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Avino Silver & Gold Mines by 69.9% during the third quarter. Alps Advisors Inc. now owns 248,158 shares of the company’s stock valued at $1,303,000 after purchasing an additional 102,113 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Avino Silver & Gold Mines by 702.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,074,813 shares of the company’s stock worth $11,069,000 after purchasing an additional 2,691,743 shares during the period. Mackenzie Financial Corp bought a new position in shares of Avino Silver & Gold Mines in the second quarter worth approximately $6,194,000. Finally, State of Wyoming purchased a new stake in shares of Avino Silver & Gold Mines in the third quarter worth $270,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Price Performance

NYSE:ASM opened at $9.62 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.60 billion, a P/E ratio of 481.24 and a beta of 1.59. Avino Silver & Gold Mines Ltd. has a 12 month low of $1.15 and a 12 month high of $11.99. The business’s 50-day moving average is $8.22 and its 200 day moving average is $6.08.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Alliance Global Partners restated a “buy” rating on shares of Avino Silver & Gold Mines in a research note on Friday, February 20th. Zacks Research cut Avino Silver & Gold Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. HC Wainwright upped their price objective on Avino Silver & Gold Mines from $7.40 to $12.50 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Roth Mkm increased their target price on Avino Silver & Gold Mines from $5.50 to $7.25 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, iA Financial set a $8.75 price target on Avino Silver & Gold Mines in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

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.