U S Global Investors Inc. Invests $632,000 in Avino Silver & Gold Mines Ltd. $ASM

U S Global Investors Inc. purchased a new position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC boosted its holdings in Avino Silver & Gold Mines by 1,137.6% in the 4th quarter. Stone House Investment Management LLC now owns 4,208 shares of the company’s stock valued at $26,000 after purchasing an additional 3,868 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth approximately $37,000. Harbor Investment Advisory LLC purchased a new position in shares of Avino Silver & Gold Mines during the 1st quarter worth approximately $44,000. Banque Cantonale Vaudoise acquired a new stake in shares of Avino Silver & Gold Mines in the 4th quarter valued at approximately $44,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Avino Silver & Gold Mines by 387.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,246 shares of the company’s stock valued at $64,000 after buying an additional 8,142 shares during the period. Institutional investors and hedge funds own 3.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ASM. HC Wainwright lifted their price target on Avino Silver & Gold Mines to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Roth Capital reissued a “neutral” rating and issued a $8.00 target price on shares of Avino Silver & Gold Mines in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Avino Silver & Gold Mines presently has a consensus rating of “Moderate Buy” and an average price target of $9.92.

Avino Silver & Gold Mines Price Performance

ASM stock traded down $0.10 during trading on Friday, reaching $6.05. 1,688,293 shares of the company were exchanged, compared to its average volume of 5,445,757. The company has a market cap of $1.03 billion, a P/E ratio of 302.65 and a beta of 1.73. Avino Silver & Gold Mines Ltd. has a 52-week low of $3.10 and a 52-week high of $11.99. The stock’s 50 day moving average price is $6.59 and its 200 day moving average price is $7.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36.

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.