Avino Silver & Gold (ASM) AI Stock Analysis

• Market Cap: $687.64M
• Dividend Yield: N/A
• Average Volume (3M): 490.94K
• Price to Earnings (P/E): 34.9
• Beta (1Y): 2.15
• Revenue Growth: 58.11%
• EPS Growth: 761.96%
• Country: CA
• Employees: 239
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Other Precious Metals
• EPS (TTM): 0.05
• Shares Outstanding: 144,766,310
• 10 Day Avg. Volume: 393,587
• 30 Day Avg. Volume: 490,945
• PEG Ratio: 0.44
• Price to Book (P/B): 3.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 26.95
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 2.18
• Enterprise Value/Gross Profit: 20.61
• Enterprise Value/Ebitda: 12.44
• 1Y Price Target: $4.44
• Price Target Upside: -9.57% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 74 Outperform
• Price Target: C$5.50 ▲(12.02%Upside)

Avino Silver & Gold's strong financial performance and positive earnings call sentiment are the most significant factors driving the stock score. While technical indicators show bullish trends, overbought conditions present potential risks. The high P/E ratio suggests a premium valuation, which could limit upside potential.

Positive Factors

Earnings

Avino Silver & Gold Mines reported a 52% growth in year-over-year revenue, driven by stronger commodity pricing and consistent production.

Operational Efficiency

The company saw a significant decrease in cost of sales by 18% year-over-year due to unit cost reductions and currency movement.

Negative Factors

Market Risks

Risks include silver and gold price volatility, operational and technical challenges, financing uncertainties, political risks, and potential acquisition risks.

Stock Valuation

The company's shares are considered fully valued, leading to a downgrade in the rating from Buy to Neutral.

Avino Silver & Gold Business Overview & Revenue Model

Company Description

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprises four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico. It also owns 100% interests in the Minto and Olympic-Kelvin properties located in British Columbia, Canada; and 14 quartz leases in Eagle property located in the Mayo Mining Division of Yukon, Canada. The company was incorporated in 1968 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Avino Silver & Gold Mines Ltd. generates revenue through the sale of precious metals, primarily silver and gold, that it extracts from its mining operations. The company processes ore from its mines to produce silver and gold concentrates, which are then sold to smelters and metal traders. Revenue is influenced by factors such as global commodity prices, production volumes, and the efficiency of its mining operations. Additionally, Avino may engage in strategic partnerships or joint ventures to expand its mining activities and increase its production capacity, thereby enhancing its revenue potential.

Avino Silver & Gold Financial Statement Overview

Summary

Avino Silver & Gold has demonstrated notable improvements across its financial statements. Revenue growth is robust, with a 50.79% increase, and profitability margins have improved significantly. The balance sheet is stable with low leverage and high equity ratio, while cash flow metrics show strong cash generation and operational efficiency.

Income Statement

Avino Silver & Gold has shown a strong revenue growth trajectory, increasing from $43.89 million in 2023 to $66.18 million in 2024, indicating a robust growth rate of 50.79%. The gross profit margin improved significantly to 35.06% in 2024, up from 17.82% in the previous year. The net profit margin also showed substantial improvement, reaching 12.23% from 1.23% in 2023. However, the EBIT margin is unavailable due to a zero EBIT figure. EBITDA margin improved to 27.49% from 6.36% in 2023, reflecting better operational efficiency. Overall, these metrics suggest a strong financial performance with significant growth and improving profitability.

Balance Sheet

The company maintains a strong balance sheet with a debt-to-equity ratio of 0.02, indicating low leverage. The equity ratio stands at 84.33%, demonstrating strong capitalization and financial stability. Return on Equity (ROE) is 6.46%, up from 0.51% in 2023, reflecting improved profitability. Avino Silver & Gold's low debt levels and high equity proportion suggest a stable financial position, although ROE is moderate compared to industry benchmarks.

Cash Flow

Avino Silver & Gold's cash flow position is strong, with a significant increase in free cash flow from -$5.89 million in 2023 to $18.67 million in 2024, highlighting a substantial improvement in cash generation. The operating cash flow to net income ratio is 2.86, indicating efficient conversion of income into cash. The free cash flow to net income ratio is 2.31, which further emphasizes strong cash generation relative to net income. Overall, the cash flow metrics indicate robust cash management and operational efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	66.18M	43.89M	44.19M	11.23M	16.02M
Gross Profit	23.20M	7.82M	15.06M	3.55M	190.00K
EBITDA	18.19M	2.79M	9.96M	522.00K	-6.95M
Net Income	8.10M	542.00K	3.10M	-2.06M	-7.65M
Balance Sheet
Total Assets	148.71M	128.34M	121.20M	86.28M	68.78M
Cash, Cash Equivalents and Short-Term Investments	27.32M	2.69M	11.24M	24.77M	11.71M
Total Debt	2.63M	3.45M	6.64M	1.07M	3.07M
Total Liabilities	23.31M	22.34M	23.18M	7.77M	9.77M
Stockholders Equity	125.40M	106.00M	98.02M	78.51M	59.01M
Cash Flow
Free Cash Flow	18.67M	-5.89M	4.00M	-1.80M	-1.94M
Operating Cash Flow	23.12M	1.49M	11.83M	109.00K	72.00K
Investing Cash Flow	-6.56M	-13.53M	-24.10M	-3.21M	-2.17M
Financing Cash Flow	8.02M	3.49M	-1.15M	16.09M	4.20M

Avino Silver & Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 4.91 is above the 20-day moving average (MA) of 4.83, above the 50-day MA of 4.19, and above the 200-day MA of 2.42, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 58.87 is Neutral, neither overbought nor oversold. The STOCH value of 69.75 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	74 Outperform	$687.64M	34.95	10.93%	―	58.11%	761.96%
Sector *	62 Neutral	$10.29B	9.96	-0.15%	2.86%	2.14%	-32.15%
ITR	60 Neutral	C$336.31M	―	-2.95%	―	―	71.90%
SLVR	47 Neutral	C$185.00M	―	-4.77%	―	―	-18.89%
GLGDF		$492.30M	144.71	1.21%	―	―	―
ABBRF		$585.30M	―	-67.76%	―	―	―
NEWP		$255.79M	―	-3.21%	―	―	―

Avino Silver & Gold Corporate Events

Avino Silver & Gold Mines Ltd. Renews ATM Equity Program for Financial Flexibility

Avino Silver & Gold Mines Ltd. has renewed its At-The-Market (ATM) equity program, allowing the company to distribute common shares up to a value of US$40 million. This strategic move provides Avino with additional financial flexibility, enabling it to raise capital as needed in the United States market. The ATM offering will be conducted through a sales agreement with several agents, and the shares will be sold at prevailing market prices. The initiative is intended to enhance the company’s financial position, although there is no obligation to sell any shares, and the offering will be active until certain conditions are met.

The most recent analyst rating on (TSE:ASM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Avino Silver & Gold stock, see the TSE:ASM Stock Forecast page.

Avino Silver & Gold Announces AGM Results and Files Base Shelf Prospectus

Avino Silver & Gold Mines Ltd. announced the results of its 2025 Annual General Meeting, where all proposed resolutions were passed, and Michael Clark was elected as a new director. The company also filed a final base shelf prospectus, allowing it to offer up to US$100 million in securities over a 25-month period, which could impact its financial strategy and market positioning.

The most recent analyst rating on (TSE:ASM) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Avino Silver & Gold stock, see the TSE:ASM Stock Forecast page.

Avino Reports Strong Q1 2025 Production with Strategic Expansion at La Preciosa

Avino Silver & Gold Mines Ltd. reported a strong first quarter in 2025 with an 8% increase in silver equivalent production compared to the previous year. The company achieved significant growth in gold and copper production, driven by improved feed grades and recovery rates. Additionally, Avino completed upgrades to its jaw crusher, contributing to operational efficiency. The company is also advancing its development plans at the La Preciosa mine, with ongoing blasting and construction activities, positioning itself for future growth.