Avino Silver & Gold (ASM) AI Stock Analysis

• Market Cap: C$380.53M
• Dividend Yield: N/A
• Average Volume (3M): 324.99K
• Price to Earnings (P/E): 32.5
• Beta (1Y): 1.61
• Revenue Growth: 58.34%
• EPS Growth: 1262.30%
• Country: CA
• Employees: 350
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Other Precious Metals
• EPS (TTM): 0.08
• Shares Outstanding: 140,936,890
• 10 Day Avg. Volume: 420,109
• 30 Day Avg. Volume: 324,994
• PEG Ratio: 0.03
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.66
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 751.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$3.34
• Price Target Upside: 23.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

Avino Silver & Gold Mines has demonstrated impressive financial performance and operational improvements, driving a strong overall stock score. The robust growth in revenue and production, along with efficient cash management, are significant strengths. While the stock shows positive technical momentum, its high P/E ratio suggests a somewhat high valuation. Positive earnings call insights further bolster the stock's appeal.

Positive Factors

Analyst Rating

Analyst reiterates a Buy rating on Avino and increases the price target from $1.90 to $2.20, driven by higher valuations for La Preciosa.

Production Increase

The company produced 2.7M silver equivalent ounces, driven by improved copper and silver grades, recovery rates, and increased mill feed.

Revenue Growth

Avino Silver & Gold Mines achieved a 51% year-over-year revenue increase, primarily driven by higher realized gold and silver prices.

Negative Factors

Decline in Payable Silver

The impact of higher metal prices was slightly offset by a 3% year-over-year decrease in payable Silver Equivalent Ounces sold.

Gold Production Decline

Gold production decreased by 22% year-over-year, and gold grades declined by 20% year-over-year.

Avino Silver & Gold Business Overview & Revenue Model

Company Description

Avino Silver & Gold Mines Ltd. is a Canadian mining company engaged in the exploration, extraction, and production of precious metals, primarily silver and gold. Based in Vancouver, British Columbia, Avino operates in the mining sector and focuses on its flagship Avino property located in Durango, Mexico. The company is dedicated to establishing itself as a significant producer of precious metals through sustainable and responsible mining practices.

How the Company Makes Money

Avino Silver & Gold Mines Ltd. generates revenue through the extraction, processing, and sale of silver, gold, and by-products such as copper from its mining operations. The company's primary revenue stream comes from the sale of concentrates containing these precious metals to smelters and refiners. Avino's revenue model is largely dependent on the production volumes and market prices of silver and gold. Additionally, the company may engage in strategic partnerships or joint ventures to enhance its mining operations and expand its resource base, contributing to its earnings. Market factors such as commodity prices, operational efficiencies, and cost management play critical roles in determining its profitability.

Avino Silver & Gold Financial Statement Overview

Summary

Avino Silver & Gold shows strong revenue growth with a 23.7% increase, improved gross profit margin at 28.2%, and a net profit margin of 6.6%. The balance sheet is robust with a high equity ratio of 84.6% and low debt-to-equity ratio of 0.03, indicating low financial risk. Cash flow has improved with a positive free cash flow of $4.3 million, though there is room for better cash efficiency.

Income Statement

Avino Silver & Gold's income statement indicates strong revenue growth, with a TTM (Trailing-Twelve-Months) increase of 23.7% compared to the previous year. The gross profit margin improved significantly to 28.2%, reflecting better cost management. The net profit margin also saw a positive improvement to 6.6%. However, the EBIT margin is modest at 6.4%, suggesting potential room for operational efficiency. Overall, the company shows good revenue growth and improving profitability trends.

Balance Sheet

The balance sheet of Avino Silver & Gold is solid, with a strong equity ratio of 84.6%, highlighting a stable financial position with low leverage. The debt-to-equity ratio is low at 0.03, indicating minimal reliance on debt financing. Return on equity stands at 3.1%, which could be improved to better reflect shareholder value. Overall, the company maintains a strong balance sheet with low financial risk.

Cash Flow

The cash flow statement shows a positive trajectory with free cash flow growth from negative to $4.3 million TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is 2.3, suggesting strong cash conversion from operations, but the free cash flow to net income ratio is only 1.2, indicating room for improvement in cash efficiency.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
54.33M	43.89M	44.19M	11.23M	16.02M	31.75M
	Gross Profit
15.31M	7.82M	15.06M	3.55M	190.00K	-270.00K
	EBIT
3.50M	0.00	7.78M	-1.53M	-4.34M	-3.96M
	EBITDA
9.75M	2.79M	9.96M	522.00K	-2.42M	-236.00K
	Net Income Common Stockholders
3.57M	542.00K	3.10M	-2.06M	-7.48M	-2.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.25M	2.69M	11.24M	24.77M	11.71M	9.63M
	Total Assets
108.59M	128.34M	121.20M	86.28M	68.78M	72.57M
	Total Debt
9.65M	3.45M	6.67M	1.07M	3.07M	7.32M
	Net Debt
6.40M	766.00K	-4.58M	-23.70M	-8.64M	-2.31M
	Total Liabilities
33.42M	22.34M	23.18M	7.77M	9.77M	18.65M
	Stockholders Equity
75.17M	106.00M	98.02M	78.51M	59.01M	53.92M
Cash Flow		Free Cash Flow
4.28M	-5.89M	4.00M	-1.80M	-1.94M	2.23M
	Operating Cash Flow
8.19M	1.49M	11.83M	109.00K	72.00K	5.51M
	Investing Cash Flow
-6.18M	-13.53M	-24.10M	-3.21M	-2.17M	-3.73M
	Financing Cash Flow
3.87M	3.49M	-1.15M	16.09M	4.20M	4.97M

Avino Silver & Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASM, the sentiment is Positive. The current price of 2.7 is above the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.04, and above the 200-day MA of 1.61, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 63.42 is Neutral, neither overbought nor oversold. The STOCH value of 55.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ASM.

Avino Silver & Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	78 Outperform	C$380.53M	32.49	7.00%	―	58.34%	1262.30%
SVM	77 Outperform	C$1.21B	11.17	11.68%	0.66%	31.23%	110.49%
EDR	60 Neutral	$1.62B	―	-7.23%	―	6.18%	-515.57%
MAG	57 Neutral	$2.32B	21.72	14.17%	―	―	61.66%
Sector *	47 Neutral	$2.66B	-3.11	-22.17%	3.33%	3.66%	-28.13%
USA	44 Neutral	$492.62M	―	-84.12%	―	15.71%	-4.75%
IPT	42 Neutral	$49.49M	―	-16.38%	―	36.99%	-153.27%

Avino Silver & Gold Corporate Events

Avino Silver & Gold Mines Achieves Record Financial Performance in 2024

Avino Silver & Gold Mines Ltd. reported record financial performance for 2024, with significant improvements across key financial metrics. The company achieved record revenues of $66.1 million, driven by increased production and higher metal prices, and a record cash balance of $27.3 million, positioning it for future growth. The Avino Mine’s operations resulted in record cash flow generation and earnings, with notable reductions in operating costs per ounce, enhancing margins and strengthening the company’s debt-free balance sheet. Avino’s strategic focus remains on disciplined growth and maximizing shareholder value.

Avino Silver & Gold to Announce 2024 Financial Results and Host Conference Call

Avino Silver & Gold Mines Ltd. has announced the release date for its Fourth Quarter and Year End 2024 financial results, scheduled for March 11, 2025, followed by a conference call on March 12. This announcement is significant for shareholders and stakeholders as it provides insights into the company’s financial health and strategic direction, particularly following the completion of a pre-feasibility study on the Oxide Tailings Project, marking a key milestone in Avino’s growth trajectory.

Avino Silver & Gold Mines Unveils Ambitious 2025 Outlook After Record 2024

Avino Silver & Gold Mines Ltd. announced its 2025 outlook following a successful year in 2024, highlighted by record-breaking financial performance and significant operational achievements. The company aims to process up to 750,000 tonnes of material and produce between 2.5 million and 2.8 million silver equivalent ounces, leveraging its strong balance sheet and growth plans, while bringing the La Preciosa project into production.

Avino Silver & Gold Mines Reports Strong 2024 Production Growth

Avino Silver & Gold Mines Ltd. reported significant growth in its Q4 and full-year 2024 production results, with a 32% increase in silver equivalent production for Q4 and a 10% increase for the full year compared to previous periods. The improvements were driven by enhanced gold grades, increased mill throughput, and better copper and silver grades. The company also achieved notable health and safety performance improvements, reducing lost time incident frequency rates significantly.

Avino Silver & Gold Begins Development at La Preciosa

Avino Silver & Gold Mines Ltd. has commenced underground development at its La Preciosa property in Mexico after securing all necessary permits. This development marks a significant milestone for the company, as La Preciosa is one of Mexico’s largest undeveloped silver deposits with higher silver grades than currently mined at Avino. The project is expected to drive local economic growth and job creation while maintaining an environmentally sustainable approach. The initial phase of development is budgeted under $5 million and will be funded from Avino’s cash reserves, highlighting the company’s robust financial position.