Roth Capital raised the firm’s price target on Avino Silver & Gold Mines to $5.50 from $5 and keeps a Neutral rating on the shares. The company’s Q3 production report was mixed compared to the firm’s expectations with a slight negative skew, though gold and silver prices continue to outperform expectations, warranting a higher price target the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASM:
- Positive Outlook for Avino Silver & Gold Mines Amid Production Stability and Strategic Developments
- Avino Silver price target raised to $6.10 from $4.80 at H.C. Wainwright
- Avino Silver & Gold Reports Consistent Q3 Production and Advances La Preciosa Project
- Silver mining stocks rise as December Silver extends gains above $49 per ounce
- Avino Silver & Gold Mines price target raised to $5 from $3.60 at Roth Capital