Van ECK Associates Corp Decreases Stake in Avino Silver & Gold Mines Ltd. $ASM

Van ECK Associates Corp cut its stake in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,822,657 shares of the company’s stock after selling 191,451 shares during the quarter. Van ECK Associates Corp’s holdings in Avino Silver & Gold Mines were worth $30,573,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mariner LLC lifted its stake in shares of Avino Silver & Gold Mines by 4.5% in the fourth quarter. Mariner LLC now owns 48,524 shares of the company’s stock valued at $301,000 after purchasing an additional 2,090 shares during the period. LPL Financial LLC grew its position in Avino Silver & Gold Mines by 0.9% during the fourth quarter. LPL Financial LLC now owns 291,913 shares of the company’s stock worth $1,813,000 after buying an additional 2,587 shares during the period. Prudential Financial Inc. increased its holdings in Avino Silver & Gold Mines by 4.3% in the second quarter. Prudential Financial Inc. now owns 77,600 shares of the company’s stock valued at $279,000 after buying an additional 3,200 shares in the last quarter. Mindset Wealth Management LLC lifted its position in shares of Avino Silver & Gold Mines by 32.4% during the 4th quarter. Mindset Wealth Management LLC now owns 16,354 shares of the company’s stock valued at $102,000 after acquiring an additional 4,000 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of Avino Silver & Gold Mines by 17.2% during the 4th quarter. Osaic Holdings Inc. now owns 28,275 shares of the company’s stock valued at $176,000 after acquiring an additional 4,156 shares during the period. Hedge funds and other institutional investors own 3.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Roth Capital boosted their price target on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. HC Wainwright lifted 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.92.

Avino Silver & Gold Mines Stock Performance

Shares of Avino Silver & Gold Mines stock opened at $7.47 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. Avino Silver & Gold Mines Ltd. has a 1 year low of $4.00 and a 1 year high of $11.99. The company has a market capitalization of $1.27 billion, a P/E ratio of 373.69 and a beta of 1.76. The business has a 50 day moving average price of $6.38 and a 200 day moving average price of $6.94.

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.