ASM

Avino Silver & Gold Mines

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Basic Materials

industry

Other Precious Metals & Mining

Exchange

NYSE

County of HQ

Canada

Next Earnings Date

05/12/26

Business Summary

The company generates cash by extracting and selling silver and gold, monetizing proven reserves through disciplined capital deployment. Its moat is operational rather than brand-driven—control of mineral resources, processing infrastructure, and geological expertise creates barriers to entry. High returns on equity suggest efficient conversion of mineral assets into shareholder capital gains. The real competitive edge lies in sustaining production at attractive margins while managing balance sheet strength to weather commodity cycles.

VALUATION

P/E

41.5

Market Cap ($M USD)

$1,184

Forward P/E

7.7

PEG

-

PRICE TO SALES

12.1

PRICE TO BOOK

5.2

EV / EBITDA

39

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.18

Next Year EPS Growth Estimate

$0.91

Next Year Revenue Growth Estimate

33.00%

Return on Equity (ROE)

11.80%

Operating Margin

38.90%

Debt-to-Equity

0

Piotroski F-Score

5

Altman Z-Score

19.9

Return on Invested Capital (ROIC)

15.00%%

Current Ratio

4.1

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 41.5x earnings, the stock screens optically expensive, but the 7.7 Forward P/E radically changes the narrative—this is a sharp earnings inflection story the market has not fully repriced. A 33.00% ROE and 15.00% ROIC signal a business generating meaningful returns on capital, while an Altman Z-Score of 19.9 implies extremely low bankruptcy risk and a fortress balance sheet relative to peers. The valuation disconnect between trailing and forward multiples suggests the market is still anchoring to legacy earnings power rather than the projected ramp. With a 4.1 current ratio and manageable 38.90% Debt/Equity, the balance sheet risk is muted, making this look more like a mispriced growth acceleration than a distressed miner.

AI Exposure / Tech Reliance

As a precious metals producer in the Basic Materials sector, the company’s exposure to AI is indirect but real through rising demand for industrial metals tied to electrification and advanced technologies. Modern mining increasingly relies on automation and data optimization, which can improve operating margins like the current 11.80% level. However, it is fundamentally a commodity operator, meaning AI tailwinds are demand-driven rather than platform-driven.

The Bull Case

A GARP investor buys this because the forward valuation is disconnected from profitability metrics. A 15.00% ROIC and 33.00% ROE are elite for a mining name, indicating disciplined capital allocation and efficient asset utilization. The Piotroski F-Score of 5 signals financial stability without distress flags, and the 11.80% operating margin shows the company is not merely surviving but producing real operating leverage. With a 7.7 Forward P/E against strong returns on capital and solid liquidity (4.1 current ratio), this sets up as a classic earnings expansion story where multiple compression risk is offset by fundamental growth.

The Bear Case

The red flags are clear: a 41.5 trailing P/E in a cyclical commodity business is dangerous if forward estimates fail to materialize. The absence of a PEG ratio removes visibility into whether growth justifies valuation, and no short interest data limits sentiment analysis. At 12.1x sales and 5.2x book, the stock is not statistically cheap for a mining operator, especially with 38.90% leverage in a volatile pricing environment. If metal prices soften or cost inflation compresses margins below the current 11.80%, the multiple could contract violently.

Market Sentiment & Smart Money

Short Interest %

4.50%

Analyst Consensus

2.33

Average Analyst Price Target

$10.92

Institutional Ownership %

21.70%

1-Year Beta

1.83

Insider Buying % (6 Mo)

4.90%%

Distance to 52-Week High

58.70%%

Distance to 52-Week Low

380.50%%