Noble Financial analyst Mark Reichman maintained a Buy rating on Avino Silver & Gold (NYSE: ASM) today and set a price target of $2. The company’s shares opened today at $1.11, close to its 52-week low of $1.08.
According to TipRanks.com, Reichman is a 1-star analyst with an average return of -8.8% and a 16.7% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Pershing Gold Corp.
Avino Silver & Gold has an analyst consensus of Moderate Buy, with a price target consensus of $2.63, which is a 136.9% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.25 price target.
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Based on Avino Silver & Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $817.5K. In comparison, last year the company had a net profit of $1.15 million.
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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.
