In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Avino Silver & Gold (ASM), with a price target of $1.50. The company’s shares closed yesterday at $0.70.
Ihle observed:
“We note that this decrease was partially due to lower production results as San Gonzalo approaches the end of its mine life. We believe that Avino can build upon its modest revenue growth throughout FY19 amid a continuing focus on cost management and operational improvements.”
According to TipRanks.com, Ihle is a 1-star analyst with an average return of -1.7% and a 43.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Avino Silver & Gold is a Moderate Buy with an average price target of $2.13.
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The company has a one-year high of $1.55 and a one-year low of $0.50. Currently, Avino Silver & Gold has an average volume of 264.9K.
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Avino Silver & Gold Mines Ltd. engages in mining and exploration activities. It focuses in silver reserves in Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.
