Bard Associates Inc. Lowers Stock Holdings in Avino Silver & Gold Mines Ltd. (NYSE:ASM)

Bard Associates Inc. cut its holdings in shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 757,599 shares of the company’s stock after selling 15,000 shares during the period. Bard Associates Inc.’s holdings in Avino Silver & Gold Mines were worth $833,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Rathbones Group PLC acquired a new position in Avino Silver & Gold Mines during the 2nd quarter worth approximately $135,000. Marshall Wace LLP acquired a new stake in Avino Silver & Gold Mines in the second quarter valued at $165,000. Finally, Tidal Investments LLC acquired a new stake in Avino Silver & Gold Mines in the first quarter valued at $1,906,000. Institutional investors and hedge funds own 3.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASM. Roth Mkm reaffirmed a “buy” rating and issued a $1.80 price target (down from $1.90) on shares of Avino Silver & Gold Mines in a report on Thursday. HC Wainwright lifted their price target on Avino Silver & Gold Mines from $1.50 to $1.80 and gave the stock a “buy” rating in a research report on Thursday. Finally, Alliance Global Partners increased their price objective on Avino Silver & Gold Mines from $1.70 to $2.20 and gave the company a “buy” rating in a report on Friday, October 18th.

Avino Silver & Gold Mines Trading Down 0.9 %

NYSE:ASM opened at $1.10 on Friday. Avino Silver & Gold Mines Ltd. has a 12-month low of $0.44 and a 12-month high of $1.56. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $1.28 and its 200-day simple moving average is $1.12. The firm has a market cap of $154.51 million, a P/E ratio of 55.53 and a beta of 1.97.

Avino Silver & Gold Mines (NYSE:ASM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Avino Silver & Gold Mines had a net margin of 6.57% and a return on equity of 12.29%. The company had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $13.50 million. Equities analysts anticipate that Avino Silver & Gold Mines Ltd. will post 0.05 EPS for the current year.

Avino Silver & Gold Mines Company Profile

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.