Avino Silver & Gold (ASM) AI Stock Analysis

• Market Cap: $702.12M
• Dividend Yield: N/A
• Average Volume (3M): 549.29K
• Price to Earnings (P/E): 34.7
• Beta (1Y): 2.19
• Revenue Growth: 58.11%
• EPS Growth: 761.96%
• Country: CA
• Employees: 239
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Other Precious Metals
• EPS (TTM): 0.05
• Shares Outstanding: 144,766,310
• 10 Day Avg. Volume: 623,422
• 30 Day Avg. Volume: 549,294
• PEG Ratio: 0.50
• Price to Book (P/B): 4.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.06
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 2.64
• Enterprise Value/Gross Profit: 24.96
• Enterprise Value/Ebitda: 15.06
• 1Y Price Target: $5.70
• Price Target Upside: 16.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 74 Outperform
• Price Target: C$5.50 ▲(12.70%Upside)

Avino Silver & Gold's overall stock score is driven by strong financial performance, positive earnings call sentiment, and stable technical indicators. The stock is somewhat overvalued based on its P/E ratio, which tempers the overall score. The company's solid balance sheet and strategic initiatives support a positive outlook, although valuation concerns are noted.

Positive Factors

Production Growth

Avino Silver & Gold Mines produced 678,458 Silver Equivalent Ounces, marking an 8% increase year over year.

Profitability and Cost Management

The company's profitability demonstrates the impact of increased production and effective cost management in a time of rising metal prices.

Revenue Growth

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

Negative Factors

Investor Behavior

Near-term upside could be hindered by profit taking, as long-term investors might capture profits after a significant price increase.

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. (ASM) is a Canadian-based mining company primarily focused on silver, gold, and copper production. The company operates in the mining and metals sector, emphasizing the exploration, extraction, and processing of mineral resources. Avino's core operations are centered around its flagship property, the Avino Mine, located in Durango, Mexico, which has historically been a prolific producer of silver and gold.

How the Company Makes Money

Avino Silver & Gold generates revenue through the extraction and sale of precious metals, primarily silver and gold, as well as by-products like copper. The company makes money by mining these resources from its properties, processing the ores to extract the metals, and then selling the refined products in the commodities market. Revenue is significantly influenced by the market prices of silver, gold, and copper, which can fluctuate based on global economic conditions, supply and demand dynamics, and geopolitical factors. Avino also enhances its earnings potential through strategic partnerships, joint ventures, and exploration initiatives aimed at expanding and optimizing its resource base.

Avino Silver & Gold Financial Statement Overview

Summary

Avino Silver & Gold has demonstrated strong financial performance with significant revenue growth, improved profitability margins, and excellent cash flow management. The company maintains low debt levels and high equity ratios, indicating financial stability. Although ROE is moderate, the overall financial health is robust.

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: Neutral
• Last Price: 4.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASM, the sentiment is Neutral. The current price of 4.88 is below the 20-day moving average (MA) of 5.10, above the 50-day MA of 4.79, and above the 200-day MA of 2.70, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 47.50 is Neutral, neither overbought nor oversold. The STOCH value of 11.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$702.12M	34.73	10.93%	―	58.11%	761.96%
GGD	66 Neutral	$738.74M	151.68	1.21%	―	74.02%	―
ITR	60 Neutral	C$359.97M	―	-2.95%	―	―	71.90%
Sector *	59 Neutral	HK$17.74B	4.77	-5.52%	3.45%	-3.57%	-61.41%
SLVR	47 Neutral	C$242.56M	―	-5.23%	―	―	-18.89%
ABRA	41 Neutral	$832.91M	―	-67.76%	―	―	-16.69%
NUAG	39 Underperform	C$403.02M	―	-3.21%	―	―	39.36%

Avino Silver & Gold Corporate Events

Avino Silver & Gold Mines Reports Strong Q2 Production and Advances Growth Strategy

Avino Silver & Gold Mines Ltd. reported strong production results for the second quarter of 2025, with a 5% increase in silver equivalent production compared to the previous year, totaling 645,602 ounces. The company achieved record mill throughput due to operational improvements, despite lower feed grades. Gold and copper production also saw significant increases, while silver production slightly decreased. Avino remains on track to meet its annual production guidance, supported by advancements at the La Preciosa project and a robust balance sheet with $37 million in cash and no debt. The ongoing exploration and development efforts are expected to enhance the company’s growth strategy and operational efficiency.

The most recent analyst rating on (TSE:ASM) stock is a Hold with a C$3.50 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 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.