Avino Silver & Gold (ASM) Receives a Buy from H.C. Wainwright

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 last Wednesday at $1.23.

According to TipRanks.com, Ihle is a top 100 analyst with an average return of 42.1% and a 66.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.

Currently, the analyst consensus on Avino Silver & Gold is a Moderate Buy with an average price target of $1.50.

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Based on Avino Silver & Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.66 million and GAAP net loss of $4.59 million. In comparison, last year the company earned revenue of $6.8 million and had a GAAP net loss of $1.64 million.

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Avino Silver & Gold Mines Ltd. engages in the 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.

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