Avino Silver & Gold Mines (ASM) Gets A Higher Target Following Its Latest Results

With a short percentage of shares outstanding of 1.88%, Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition.

On May 14, Heiko Ihle of H.C. Wainwright & Co. raised the firm’s price target on Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) to $13 from $12.50 and reiterated a Buy rating on the stock. The updated target followed revisions to the firm’s financial model after the company’s first-quarter earnings report.

Earlier, on April 23, Avino reported first-quarter 2026 production of 263,057 silver ounces, 1,851 gold ounces, and 1.34 million pounds of copper, totaling 568,112 silver-equivalent ounces. President and Chief Executive Officer David Wolfin stated that the company entered 2026 with positive momentum and remains on track to achieve its annual production targets. He also highlighted stronger-than-expected mill performance, robust throughput levels, and encouraging grade improvements from the La Preciosa project. Management noted that elevated silver prices are expected to drive revenue above budgeted levels while operational optimization efforts continue across the company’s mining assets.

Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) was founded in 1968 and is headquartered in Vancouver. The company primarily produces silver and gold while also generating copper, a critical material used in electric vehicle wiring, motors, and battery systems.

While we acknowledge the risk and potential of ASM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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