The Manufacturers Life Insurance Company Buys Shares of 143,129 Avino Silver & Gold Mines Ltd. $ASM

The Manufacturers Life Insurance Company purchased a new position in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) during the second quarter, Holdings Channel.com reports. The fund purchased 143,129 shares of the company’s stock, valued at approximately $905,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Avino Silver & Gold Mines in the second quarter worth approximately $91,000. Deutsche Bank AG bought a new position in Avino Silver & Gold Mines during the 2nd quarter valued at $80,000. Alberta Investment Management Corp acquired a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at $271,000. Bank of New York Mellon Corp acquired a new position in shares of Avino Silver & Gold Mines during the 2nd quarter valued at $96,000. Finally, State of Wyoming bought a new stake in shares of Avino Silver & Gold Mines in the 2nd quarter worth $99,000. 3.11% of the stock is currently owned by institutional investors.

Avino Silver & Gold Mines Trading Down 4.7%

Avino Silver & Gold Mines stock opened at $7.33 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 366.68 and a beta of 1.82. Avino Silver & Gold Mines Ltd. has a 1 year low of $4.00 and a 1 year high of $11.99. The firm’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.87.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASM. Roth Capital upped their price objective on Avino Silver & Gold Mines from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, August 25th. HC Wainwright boosted their price target 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. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.92.

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.