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H.C. Wainwright Thinks Avino Silver & Gold’s Stock is Going to Recover


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Avino Silver & Gold (NYSE: ASM) today and set a price target of $3.25. The company’s shares closed yesterday at $0.89, close to its 52-week low of $0.85.

Ihle noted:

“We concluded our day with a quick tour of the assay lab and the core shack. We highlight the ease of access via paved roads all the way to the site, and our ability to reach the mine within a single day from Durango, a city of about 600,000 people.”

According to TipRanks.com, Ihle is a 1-star analyst with an average return of 0.0% and a 33.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Americas Silver Corporation, Golden Star Resources Ltd, and Northern Dynasty Minerals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avino Silver & Gold with a $2.50 average price target.

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The company has a one-year high of $1.72 and a one-year low of $0.85. Currently, Avino Silver & Gold has an average volume of 112K.

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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.