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Avino Silver & Gold ( (TSE:ASM) ) has shared an announcement.
Avino Silver & Gold Mines Ltd. announced positive drilling results from its La Preciosa project, with significant silver grades exceeding expectations. The results highlight the potential for expanding the mineral resource and underscore the effectiveness of underground mining methods, suggesting a promising future for the company’s operations and exploration efforts.
The most recent analyst rating on (TSE:ASM) stock is a Hold with a C$3.50 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 are the most significant factors contributing to the stock’s score. The technical analysis indicates positive momentum, although the high P/E ratio suggests the stock may be overvalued. The absence of a dividend yield is a minor drawback. Overall, the company is well-positioned for future growth with a solid financial foundation and strategic development initiatives.
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 on the extraction and production of silver and gold. The company is engaged in the exploration and development of mineral properties, with a particular emphasis on silver and gold deposits.
YTD Price Performance: 288.49%
Average Trading Volume: 545,098
Technical Sentiment Signal: Buy
Current Market Cap: C$781.7M
Find detailed analytics on ASM stock on TipRanks’ Stock Analysis page.