Avino Silver & Gold Mines (AMEX:ASM) is a mining company that focuses on the production of silver and gold. The company operates primarily in Mexico, with its flagship Avino Mine and the recently acquired La Preciosa project. Avino competes with other mining companies in the precious metals sector, such as First Majestic Silver and Pan American Silver.
On January 23, 2026, Roth Capital set a new price target of $7.25 for ASM. At the time, the stock was trading at $7.83, which is approximately 7.41% higher than the target. This new target was an increase from a previous target of $5.50, as highlighted by TheFly. The stock's recent performance has been notable, with a 13.5% increase in its share price, closing at $7.83 in the last trading session.
The surge in ASM's stock price is linked to the company's announcement of a 22% year-over-year increase in silver production, reaching 345,298 ounces in the fourth quarter of 2025. This growth was supported by contributions from La Preciosa and strong performance at the Avino Mine. For the entire year of 2025, silver production rose by 4% to 1.16 million ounces, indicating a positive trend in the company's operations.
The broader market context has also been favorable for silver, with prices soaring by 223.6% year over year. Gold prices have increased by 77.9%, driven by strong safe-haven demand, geopolitical tensions, and escalating trade conflicts. Silver has particularly benefited from robust industrial demand and growing supply deficits, with solar energy, electronics, and electrification now making up more than half of global silver consumption.
Despite the recent price jump, the trend in earnings estimate revisions suggests that further price increases may not be imminent in the near term. ASM's market capitalization stands at approximately $1.23 billion, with a trading volume of 9.24 million shares. The stock has fluctuated between a low of $6.89 and a high of $7.86 today, with a 52-week high of $7.87 and a low of $1.09.
