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Avino Silver & Gold ( (TSE:ASM) ) has shared an update.
Avino Silver & Gold Mines Ltd. has acquired full ownership of its La Preciosa project by purchasing and extinguishing all outstanding royalties and contingent payment obligations. This strategic move is expected to optimize the project’s financial structure, enhance its economics, and reduce operating costs, thereby increasing shareholder value. The acquisition was made possible by Avino’s strong financial position, allowing the company to pursue investment opportunities that enhance stakeholder returns.
The most recent analyst rating on (TSE:ASM) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Avino Silver & Gold stock, see the TSE:ASM Stock Forecast page.
Spark’s Take on TSE:ASM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASM is a Outperform.
Avino Silver & Gold’s strong financial performance and positive earnings call sentiment are the primary drivers of its high stock score. The company’s robust growth, profitability, and operational efficiency position it well in the precious metals industry. Technical analysis supports a positive short-term outlook, though valuation concerns due to a high P/E ratio and lack of dividend yield slightly temper the overall score.
To see Spark’s full report on TSE:ASM stock, click here.
More about Avino Silver & Gold
Avino Silver & Gold Mines Ltd. is a long-standing silver producer based in Mexico. The company primarily focuses on silver and gold mining, with a significant market presence in the precious metals industry.
YTD Price Performance: 301.44%
Average Trading Volume: 532,935
Technical Sentiment Signal: Buy
Current Market Cap: C$807.8M
For an in-depth examination of ASM stock, go to TipRanks’ Overview page.