5 Best Stocks to Buy According to Billionaire Chris Rokos

4. Avino Silver & Gold Mines Ltd. (NYSE:ASM)

Rokos Capital Management’s Stake Value: $66.7 million

Percentage of Rokos Capital Management’s Portfolio: 3.02%

Number of Hedge Fund Holders: 3

Avino Silver & Gold Mines Ltd. (NYSE:ASM) is a mineral exploration company that has been a new addition to the Rokos Capital Management portfolio in the first quarter of 2022. The company makes up 3.02% of the fund’s portfolio. As a penny stock, Avino Silver & Gold Mines Ltd. (NYSE:ASM) managed to secure strong first-quarter 2022 results. The generated revenue was $11.1 million, with a net income of around $600,000 or $0.01 per share.

Alliance Global Partners analyst Jake Sekelsky reiterated a Buy rating on Avino Silver & Gold Mines Ltd. (NYSE:ASM) and increased the company’s price target from $1.40 to $1.70. Moreover, the analyst remains quite positive about the company’s acquisition of the La Preciosa project from Coeur Mining, Inc. (NYSE:CDE).

According to the Insider Monkey database, 3 hedge funds held stakes worth $67.19 million in Avino Silver & Gold Mines Ltd. (NYSE:ASM) in the first quarter of 2022, with Rokos Capital Management as the most prominent name. In the previous quarter, 3 hedge funds had stakes worth $305,000.