Roth/MKM Lowers Rating for Avino Silver & Gold Mines Ltd. (ASM) from 'Buy' to 'Neutral'

While Avino Silver & Gold Mines Ltd. (NYSE:ASM) is one of the best stocks to invest in, analysts at Roth/MKM think otherwise.

Citing the recent price rally (3x growth on a YTD basis) experienced by Avino Silver & Gold Mines Ltd. (NYSE:ASM), Roth/MKM lowered the rating for the company from ‘Buy’ to ‘Neutral’. Nevertheless, the analyst raised its price target on ASM from $2.75 to $3.50 under this update that was announced on July 1, 2025. The analyst believes the stock might now be priced appropriately or even overvalued in the short term.

The analyst believes so despite its raised DCF-based valuation due to improved silver and gold price forecasts. Accordingly, the downgrade could lead to short-term profit-taking by investors who have been holding the stock for a longer period, who may opt to sell their shares, given that the stock has gained substantial value.

Avino Silver & Gold Mines Ltd. (NYSE:ASM) is focused on the exploration and development of silver, gold, copper, and base metal deposits in Mexico.

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