Y Intercept Hong Kong Ltd Purchases New Position in Avino Silver & Gold Mines Ltd. $ASM

Y Intercept Hong Kong Ltd acquired a new position in Avino Silver & Gold Mines Ltd. (NYSE:ASM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 647,141 shares of the company’s stock, valued at approximately $4,090,000. Y Intercept Hong Kong Ltd owned approximately 0.38% of Avino Silver & Gold Mines as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ASM. JPMorgan Chase & Co. purchased a new stake in Avino Silver & Gold Mines during the third quarter worth $972,000. Van ECK Associates Corp purchased a new position in shares of Avino Silver & Gold Mines in the 3rd quarter valued at $28,208,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of Avino Silver & Gold Mines by 343.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 106,678 shares of the company’s stock worth $674,000 after acquiring an additional 82,613 shares in the last quarter. Auxano Advisors LLC bought a new position in shares of Avino Silver & Gold Mines in the 4th quarter worth $1,801,000. Finally, Rothschild Wealth LLC purchased a new stake in shares of Avino Silver & Gold Mines during the 4th quarter worth $2,174,000. 3.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Avino Silver & Gold Mines Stock Performance

NYSE ASM opened at $6.57 on Monday. The company has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $7.28. The stock has a market cap of $1.12 billion, a P/E ratio of 328.66 and a beta of 1.73. Avino Silver & Gold Mines Ltd. has a 12-month low of $3.10 and a 12-month high of $11.99. The company has a current ratio of 2.36, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

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.