Avino Silver & Gold Mines price target raised to $1.60 from $1.25 at Roth MKM

Roth MKM analyst Joe Reagor raised the firm’s price target on Avino Silver & Gold Mines to $1.60 from $1.25 and keeps a Buy rating on the shares. The company’s Q2 production results were below expectations, but this was more than offset by higher prices for silver and copper, the analyst tells investors in a research note. The production shortfall was driven by lower-than-anticipated mill throughput as Avino had to repair a cone crusher in late Q2, though the repairs are ongoing and the company anticipates returning to normal operations shortly, the firm added.