Avino Silver & Gold Mines: Strong Production and Promising Projects Drive Buy Rating

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Avino Silver & Gold (ASM – Research Report) today and set a price target of $2.20.

Heiko Ihle has given his Buy rating due to a combination of factors including Avino Silver & Gold Mines’ strong production results and promising development projects. The company reported an 8% year-over-year increase in Silver Equivalent Ounces for the first quarter of 2025, driven by notable rises in silver, gold, and copper production. Additionally, improvements in silver feed grade and successful operational upgrades, such as the jaw crusher replacement, are expected to enhance future production efficiency.
Furthermore, the ongoing development of the La Preciosa project is progressing well, with all necessary permits secured and significant construction activities underway. This project is seen as a key growth catalyst for Avino, potentially boosting production and attracting more interest. Ihle’s valuation of Avino is supported by a discounted cash flow analysis, considering the company’s cash reserves and the value of its projects, leading to a reiterated price target of $2.20.

Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Endeavour Silver, and Franco-Nevada. According to TipRanks, Ihle has an average return of 8.1% and a 47.38% success rate on recommended stocks.

In another report released today, Roth MKM also maintained a Buy rating on the stock with a $2.40 price target.