Roth Capital analyst Joe Reagor lowered the firm’s price target on Avino Silver & Gold Mines to $4.25 from $5.50 and keeps a Neutral rating on the shares. The company’s Q3 results were slightly better than anticipated, though the firm is reducing its price target as precious metal prices have pulled back from their highs, the analyst tells investors in a research note. Roth adds it is awaiting better clarity on expectations for La Preciosa develoment from Avino.
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