Avino Silver & Gold Mines price target raised to $2.50 from $2.20 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Avino Silver & Gold Mines to $2.50 from $2.20 and keeps a Buy rating on the shares. Avino Silver & Gold Mines announced that it will begin underground development work at its La Preciosa Project following the receipt of all necessary permits from requisite authorities, marking an important milestone, as the firm expects La Preciosa to drive a meaningful increase in silver production going forward, the analyst tells investors in a research note. The project has the potential to be brought into production for less than $5M in capital expenditures, the firm adds.