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Avino Silver & Gold ( (TSE:ASM) ) has provided an announcement.
Avino Silver & Gold Mines Ltd. has renewed its ATM equity program, allowing the company to distribute common shares in the United States up to an aggregate sales amount of US$60 million. This move is intended to provide Avino with financial flexibility, potentially impacting its operations and market positioning by enabling strategic financial maneuvers as needed.
The most recent analyst rating on (TSE:ASM) stock is a Buy with a C$6.50 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 key strengths, driving a high overall score. However, technical indicators suggest short-term caution, and valuation metrics indicate potential overvaluation, tempering 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. operates in the mining industry, focusing primarily on the extraction and production of silver and gold. The company is engaged in mining activities and is listed on the TSX and NYSE American exchanges.
Average Trading Volume: 826,440
Technical Sentiment Signal: Buy
Current Market Cap: C$980.1M
Find detailed analytics on ASM stock on TipRanks’ Stock Analysis page.