Avino Silver & Gold Mines Ltd. $ASM Position Lifted by Convergence Financial LLC

Convergence Financial LLC raised its holdings in Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 370.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,877 shares of the company’s stock after acquiring an additional 112,525 shares during the quarter. Convergence Financial LLC’s holdings in Avino Silver & Gold Mines were worth $793,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Tidal Investments LLC grew 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 purchasing an additional 2,191,951 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Avino Silver & Gold Mines in the 2nd quarter valued at about $281,000. Corient Private Wealth LP acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $125,000. Bank of America Corp DE acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $2,096,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of Avino Silver & Gold Mines in the second quarter valued at about $1,010,000. 3.11% of the stock is currently owned by hedge funds and other institutional investors.

Avino Silver & Gold Mines Trading Down 3.8%

NYSE:ASM opened at $4.61 on Friday. The company has a market capitalization of $782.17 million, a PE ratio of 230.62 and a beta of 1.79. The company has a quick ratio of 1.43, a current ratio of 2.36 and a debt-to-equity ratio of 0.01. Avino Silver & Gold Mines Ltd. has a 52-week low of $4.05 and a 52-week high of $11.99. The stock has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $6.89.

Analyst Ratings Changes

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