Avino Silver & Gold price target raised to $6.10 from $4.80 at H.C. Wainwright

Investing.com - H.C. Wainwright raised its price target on Avino Silver & Gold (NYSE:ASM) stock to $6.10 from $4.80 on Wednesday, while maintaining a Buy rating on the shares.

The mining company produced 580,780 Silver Equivalent Ounces (SEOs) during the quarter, a 13% year-over-year decline that aligned with H.C. Wainwright’s estimates. The production decrease primarily resulted from lower feed grades for gold, silver, and copper as the company worked through a lower grade section of its mine plan. According to InvestingPro data, the company maintains strong financial health with an overall score of "GREAT."

Despite the overall production decline, Avino achieved a 19% year-over-year increase in gold production to 1,935 ounces, driven by higher throughput and improved recovery rates. The company also reported a 21% year-over-year improvement in mill availability, attributed to recent automation upgrades that enabled higher throughput.

Silver and copper production declined by 7% and 26% respectively during the quarter, reflecting the impact of the lower grade section in the mine plan that the company had previously guided for.

Avino maintained a strong balance sheet with approximately $55.0 million in cash at quarter-end, providing liquidity to support ongoing improvements and exploration initiatives, according to H.C. Wainwright. The company operates with a moderate level of debt and maintains a healthy current ratio of 3.19x. For detailed financial analysis and additional insights, check out the comprehensive research report available on InvestingPro, which covers over 1,400 US stocks.

In other recent news, Avino Silver & Gold Mines Ltd reported its Q2 2025 earnings, surpassing expectations. The company achieved an earnings per share (EPS) of $0.06, outperforming the forecast of $0.04, marking a 50% surprise. Additionally, Avino Silver & Gold Mines reported revenues of $21.8 million, exceeding the anticipated $18.83 million. These results highlight a strong performance for the quarter. Despite the positive earnings and revenue figures, the company’s stock experienced a slight decline in premarket trading, though this may reflect broader market trends rather than company-specific issues. These developments offer a snapshot of Avino Silver & Gold Mines’ recent financial health and performance.

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