Avino Silver & Gold (ASM) AI Stock Analysis

• Market Cap: $1.47B
• Dividend Yield: N/A
• Average Volume (3M): 816.99K
• Price to Earnings (P/E): 43.9
• Beta (1Y): 3.08
• Revenue Growth: 65.77%
• EPS Growth: 458.38%
• Country: CA
• Employees: 239
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.07
• Shares Outstanding: 156,848,420
• 10 Day Avg. Volume: 630,446
• 30 Day Avg. Volume: 816,986
• PEG Ratio: 0.01
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 1.78
• P/FCF Ratio: 6.31
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 12.48
• Enterprise Value/Gross Profit: 26.10
• Enterprise Value/Ebitda: 27.99
• 1Y Price Target: $8.89
• Price Target Upside: -5.02% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.24
• Revenue Forecast (FY): $121.41M

• Rating: 78 Outperform
• Price Target: C$8.50 ▼(-9.19% Downside)

Avino Silver & Gold's strong financial performance and strategic achievements, such as inclusion in major indices, are the primary drivers of its high score. Technical indicators support a positive outlook, though valuation concerns and potential short-term volatility due to high RSI and stochastic levels are noted.

Positive Factors

Revenue Growth

Significant revenue growth indicates strong demand for Avino's products and effective market positioning, supporting long-term business expansion.

Strong Financial Position

A strong cash position enhances financial flexibility, allowing Avino to invest in growth opportunities and weather economic uncertainties.

Inclusion in Prestigious Indices

Inclusion in major indices enhances Avino's visibility and credibility, potentially attracting more investors and improving market perception.

Negative Factors

Increased Production Costs

Rising production costs can erode profit margins, impacting Avino's ability to maintain profitability if metal prices do not rise accordingly.

Currency Exchange Risks

Exchange rate volatility can affect cost structure and profitability, potentially leading to financial instability if not effectively managed.

Decline in Free Cash Flow

A decline in free cash flow limits Avino's ability to fund new projects and return capital to shareholders, potentially hindering growth.

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 generates revenue primarily through the extraction and sale of silver and gold from its mining operations. The company operates several mines, with a significant portion of its earnings coming from the sale of mined precious metals. Key revenue streams include the direct sale of silver and gold bullion, which are sold to refiners and other buyers in the precious metals market. Additionally, Avino may benefit from the rising prices of silver and gold, which can significantly enhance its profitability. The company also looks to optimize its operational efficiency to lower production costs and improve margins. Partnerships with local and international distributors for the sale of its products contribute to its revenue, along with potential joint ventures that expand its mining capabilities.

Avino Silver & Gold Financial Statement Overview

Summary

Avino Silver & Gold demonstrates strong financial performance with impressive revenue and profit growth, efficient operations, and a stable balance sheet with low leverage. Despite a decline in free cash flow, the company's overall financial health remains robust, supported by strong profitability and a solid equity base.

Income Statement

Avino Silver & Gold has shown strong revenue growth with an 8.07% increase in the TTM period. The company has improved its profitability significantly, with a gross profit margin of 46.40% and a net profit margin of 18.51%. The EBIT and EBITDA margins are also robust at 33.87% and 38.25%, respectively, indicating efficient operations and cost management. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Avino Silver & Gold is stable, with a low debt-to-equity ratio of 0.038, indicating minimal leverage and financial risk. The return on equity (ROE) is 11.41%, showcasing effective use of equity to generate profits. The equity ratio stands at 82.06%, reflecting a strong equity base relative to total assets. The company maintains a solid financial position with low leverage and good returns on equity.

Cash Flow

The cash flow statement shows a mixed picture. While the operating cash flow to net income ratio is healthy at 1.55, indicating strong cash generation relative to net income, the free cash flow has decreased by 54.82% in the TTM period. The free cash flow to net income ratio is 0.72, suggesting that a significant portion of net income is converted into free cash flow. Despite the decline in free cash flow, the company maintains a reasonable cash flow position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	86.06M	66.18M	43.89M	44.19M	11.23M	16.02M
Gross Profit	41.15M	23.20M	7.82M	15.06M	3.55M	190.00K
EBITDA	38.37M	18.19M	2.79M	9.96M	522.00K	-6.95M
Net Income	21.27M	8.10M	542.00K	3.10M	-2.06M	-7.65M
Balance Sheet
Total Assets	221.86M	148.71M	128.34M	121.20M	86.28M	68.78M
Cash, Cash Equivalents and Short-Term Investments	57.33M	27.32M	2.69M	11.24M	24.77M	11.71M
Total Debt	4.67M	2.63M	3.45M	6.64M	1.07M	3.07M
Total Liabilities	39.74M	23.31M	22.34M	23.18M	7.77M	9.77M
Stockholders Equity	182.12M	125.40M	106.00M	98.02M	78.51M	59.01M
Cash Flow
Free Cash Flow	9.39M	18.67M	-5.89M	4.00M	-1.80M	-1.94M
Operating Cash Flow	32.99M	23.12M	1.49M	11.83M	109.00K	72.00K
Investing Cash Flow	-24.35M	-6.56M	-13.53M	-24.10M	-3.21M	-2.17M
Financing Cash Flow	40.92M	8.02M	3.49M	-1.15M	16.09M	4.20M

Avino Silver & Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 9.36 is above the 20-day moving average (MA) of 8.14, above the 50-day MA of 7.35, and above the 200-day MA of 5.30, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 74.25 is Negative, neither overbought nor oversold. The STOCH value of 85.08 is Negative, 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	$1.47B	43.88	14.35%	―	65.77%	458.38%
GGD	74 Outperform	C$1.13B	45.18	5.38%	―	104.08%	832.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BRC	47 Neutral	C$388.51M	-15.22	-151.33%	―	―	-198.87%
SLVR	47 Neutral	C$440.38M	-81.98	-4.86%	―	―	-14.43%
ABRA	41 Neutral	C$1.65B	-29.86	-122.96%	―	―	-171.41%
NUAG	39 Underperform	C$933.60M	-197.35	-2.40%	―	―	40.00%

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 ATM equity program, allowing the company to distribute common shares in the United States up to an aggregate sales amount of US$60 million. This move is intended to provide Avino with financial flexibility, potentially impacting its operations and market positioning by enabling strategic financial maneuvers as needed.

Avino Silver & Gold Mines Reports High-Grade Silver Intercepts at La Preciosa

Avino Silver & Gold Mines Ltd. announced the results of four additional drill holes at the La Preciosa deposit, revealing high-grade silver intercepts that exceed current resource averages. These findings support the company’s strategy of using underground mining methods to maximize the deposit’s value, with notable potential highlighted in the wider intercepts at the La Gloria and Abundancia veins. The results confirm the geometry of the vein-based resource model and suggest promising early mine life potential, prompting further exploration and development efforts.

Avino Silver & Gold Reports Consistent Q3 Production and Advances La Preciosa Project

Avino Silver & Gold Mines Ltd. reported consistent production in Q3 2025, with 580,780 silver equivalent ounces, despite a 13% decrease from the previous year due to lower feed grades. The company achieved a 21% improvement in mill throughput, attributed to operational upgrades, and saw a 19% increase in gold production. Progress at the La Preciosa project is ahead of schedule, with stockpiled material now being transported for processing, supporting Avino’s growth strategy and strengthening its balance sheet.

Avino Silver & Gold Mines Joins Global Junior Gold Miners Index

Avino Silver & Gold Mines Ltd. has been added to the Market Vectors Junior Gold Miners Index and the VanEck Junior Gold Miners ETF, effective September 19, 2025. This inclusion is a significant milestone for Avino, potentially increasing its share liquidity and attracting a broader range of investors. The move is expected to enhance Avino’s industry positioning as it continues to advance its La Preciosa project, aiming to become Mexico’s next intermediate primary silver producer.

Avino Silver & Gold Mines Recognized in TSX30 2025 for Remarkable Growth

Avino Silver & Gold Mines Ltd. has been recognized for its outstanding performance by being included in the Toronto Stock Exchange’s 2025 TSX30, ranking 5th among the top-performing stocks. This achievement reflects a 610% increase in share price and a 778% rise in market capitalization over three years, highlighting the company’s strategic growth and commitment to becoming a leading intermediate producer. Avino’s focus on expanding its operations in Mexico and strengthening its resource profile positions it well for future growth, benefiting shareholders and stakeholders.