H.C. Wainwright raises Avino Silver & Gold stock price target to $7.60

Investing.com - H.C. Wainwright raised its price target on Avino Silver & Gold (NYSE:ASM) to $7.60 from $6.10 on Monday, while maintaining a Buy rating following a site visit to the company’s mining operations.

The firm’s analysts conducted a comprehensive tour of Avino’s facilities, starting with a management dinner in Durango on October 29, followed by visits to the Avino mine and La Preciosa property on the subsequent day.

During the visit, H.C. Wainwright observed operational efficiencies at the flagship Avino mine and noted progress in preparing La Preciosa to become the company’s next growth driver. These efficiencies have contributed to ASM’s strong 53.08% revenue growth over the last twelve months, with a healthy gross profit margin of 47.83%.

La Preciosa, which Avino acquired for $30.0 million, currently hosts Measured & Indicated resources of 17.4 million tonnes grading 202 grams per tonne silver equivalent for 24.0 million silver equivalent ounces, with analysts expecting this figure to increase substantially.

The research firm highlighted that Avino’s acquisition price represented a significant discount to the estimated $80-90 million invested by previous owners, while also noting the company maintains an efficient workforce with proper North American safety protocols in place. Investors watching ASM should note the company operates with minimal debt (Debt/Equity ratio of just 0.04) and is scheduled to report earnings on November 6. InvestingPro identifies ASM as currently trading above its Fair Value, with a P/E ratio of 44.12 indicating a premium valuation.

In other recent news, Avino Silver & Gold Mines Ltd reported its Q2 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.06, compared to the forecasted $0.04. Additionally, the company exceeded revenue projections, reporting $21.8 million against an anticipated $18.83 million. These results indicate a strong performance for the quarter, despite a 13% decline in silver equivalent ounces production year-over-year, which was in line with H.C. Wainwright’s estimates. The production decrease was attributed to lower feed grades for gold, silver, and copper as the company processed a lower grade section of its mine plan.

In related developments, H.C. Wainwright raised its price target for Avino Silver & Gold stock to $6.10 from $4.80, maintaining a Buy rating. This adjustment reflects confidence in the company’s performance and future prospects. While the stock experienced a slight decline of 1.03% in premarket trading, this may have been influenced by broader market trends rather than company-specific issues. These updates provide investors with insights into Avino Silver & Gold’s recent financial and operational activities.

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