Avino Silver price target raised to $2.75 from $2.50 at Alliance Global

Alliance Global Partners raised the firm’s price target on Avino Silver & Gold Mines to $2.75 from $2.50 and keeps a Buy rating on the shares. The company reported strong Q4 results and its balance sheet supports development of La Preciosa, the analyst tells investors in a research note. The firm expects La Preciosa to transform Avino from a single asset junior producer to a multi-asset intermediate silver producer, “driving a re-rating in shares over the next year.”