Avino Silver & Gold Mines Ltd. rises as it crosses above 5-day SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 Jan 26
Source: 6-K
Avino Silver & Gold Mines Ltd. (ASM) saw a significant price increase of 12.39% as it crossed above its 5-day SMA, reflecting positive market conditions.
The stock's movement is attributed to broad market strength, with the Nasdaq-100 (QQQ) up 0.87% and the S&P 500 (SPY) up 0.77%. This upward trend in the broader market has positively influenced ASM's performance, indicating a favorable environment for mining stocks.
Investors are optimistic about ASM's future prospects, especially in light of the overall market gains, which may lead to increased interest in precious metals and mining stocks as safe-haven investments.
Analyst Views on ASM
Wall Street analysts forecast ASM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASM is 6.47 USD with a low forecast of 5.50 USD and a high forecast of 7.40 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 6.900
Low
5.50
Averages
6.47
High
7.40
Current: 6.900
Low
5.50
Averages
6.47
High
7.40
About ASM
Avino Silver & Gold Mines Ltd. is a Canada-based company. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The Company also maintains a diversified pipeline of gold and base metals' exploration properties. It operates the Elena Tolosa Mine (Avino Mine), which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino property also hosts the San Gonzalo Mine, which is in care and maintenance. The Company also holds a 100% interest in Proyectos Mineros La Preciosa S.A. de C.V. (La Preciosa), a Mexican corporation, which owns the La Preciosa Property. The Company also owns interests in mineral properties located in British Columbia. La Preciosa is a development stage mineral property located in the state of Durango, Mexico. Its other properties include El Hueco and Aranjuez.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
