Noble Financial Issues a Buy Rating on Avino Silver & Gold

By Jason Carr

Noble Financial analyst Mark Reichman assigned a Buy rating to Avino Silver & Gold (NYSE: ASM) yesterday. The company’s shares closed yesterday at $1.38.

According to TipRanks.com, Reichman is a 1-star analyst with an average return of -1.3% and a 40.0% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Pershing Gold Corp.

Currently, the analyst consensus on Avino Silver & Gold is Moderate Buy and the average price target is $3.25, representing a 135.5% upside.

In a report issued on May 16, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.25 price target.

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The company has a one-year high of $1.89 and a one-year low of $1.14. Currently, Avino Silver & Gold has an average volume of 107.4K.

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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.