Analyst raises ASM target after Q1 production beats and operational improvements at La Preciosa project.
H.C. Wainwright & Co. increased its price target for Avino Silver & Gold Mines (ASM) to $13 from $12.50, maintaining a Buy rating. The revision follows the company’s first-quarter 2026 earnings report and model updates.
Avino reported Q1 production of 263,057 silver ounces, 1,851 gold ounces, and 1.34 million pounds of copper, totaling 568,112 silver-equivalent ounces. CEO David Wolfin cited stronger mill performance and grade improvements at the La Preciosa project as key drivers.
Management expects elevated silver prices to boost revenue above budgeted levels while operational optimizations continue across mining assets.