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.
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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