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Avino price target raised to $3.50 from $2.75 at Alliance Global

Alliance Global Partners raised the firm’s price target on Avino Silver & Gold Mines to $3.50 from $2.75 and keeps a Buy rating on the shares. The company’s Q1 results “reveal another strong quarter,” the analyst tells investors in a research note. The firm expects Avino’s “strong balance sheet to provide a clear runway to production growth as underground development at La Preciosa moves forward. “

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