Avino Silver price target raised to $2.20 from $1.70 at Alliance Global

Alliance Global Partners raised the firm’s price target on Avino Silver & Gold Mines to $2.20 from $1.70 and keeps a Buy rating on the shares. The company reported strong Q3 production, which puts it on-track to deliver the annual production guidance, the analyst tells investors in a research note. The firm expects metals prices to continue to trend higher with gold continuing to make new all-time highs and silver continuing to trade above the $30 per ounce mark.