Avino Silver & Gold (ASM) Soars 5.31% on Record Q4 Revenue

Avino Silver & Gold (ASM) surged 5.31% today, marking its second consecutive day of gains, with a total increase of 12.95% over the past two days. The share price reached its highest level since February 2021, with an intraday gain of 6.28%.

One of the primary drivers behind the recent surge in Avino Silver & Gold's stock price is the company's impressive financial performance. In the fourth quarter of 2024, ASM's revenues skyrocketed by 95% year over year, reaching $24 million. This figure not only exceeded market expectations but also set a new record for the company, contributing to the stock's upward trajectory.

The company's record financial performance for the year 2024 has also played a significant role in boosting investor confidence. The strong financial results have likely influenced investor sentiment positively, leading to increased demand for ASM shares.

Additionally, positive analyst ratings and high expectations have contributed to the stock's performance. An analyst firm set a price target of $1.80, anticipating a potential upside of 157.14% within the next 12 months. Such optimistic forecasts have likely driven the stock's recent gains, as investors respond to the bullish outlook.