HC Wainwright & Co. Maintains Buy on Avino Silver & Gold Mines, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Avino Silver & Gold Mines (AMEX:ASM) but lowers the price target from $1.6 to $1.5.

May 09, 2024 | 10:31 am
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NEUTRAL IMPACT
Avino Silver & Gold Mines' price target was lowered from $1.6 to $1.5 by HC Wainwright & Co., though the Buy rating was maintained.
The adjustment in price target by a reputable analyst firm like HC Wainwright & Co. could have a mixed impact. While the reduction in price target might suggest a slightly less optimistic outlook than before, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This could lead to a neutral short-term impact on ASM's stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100