Avino Silver & Gold (ASM) AI Stock Analysis

• Market Cap: $381.94M
• Dividend Yield: N/A
• Average Volume (3M): 416.67K
• Price to Earnings (P/E): 34.1
• Beta (1Y): 2.00
• Revenue Growth: 58.34%
• EPS Growth: 1262.30%
• Country: CA
• Employees: 350
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.08
• Shares Outstanding: 140,936,890
• 10 Day Avg. Volume: 419,763
• 30 Day Avg. Volume: 416,666
• 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$3.42
• Price Target Upside: 20.76% 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

Earnings

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

Growth Potential

Avino’s operational team is in the final stages of approval to move forward with underground development at La Preciosa, which is expected to unlock long-term growth for shareholders.

Production

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

Negative Factors

Dependence on Single Project

Future growth for ASM remains strongly dependent on ongoing success at La Preciosa.

Gold Production

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

Revenue Impact

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

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 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 demonstrated strong financial performance with significant revenue growth of over 50% and improved profitability margins. The company maintains a solid balance sheet with low leverage and strong equity proportions. Cash flow metrics are robust, reflecting efficient cash management.

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
	EBIT
0.00	0.00	7.78M	-1.53M	-4.34M
	EBITDA
18.19M	2.79M	9.96M	522.00K	-2.42M
	Net Income Common Stockholders
8.10M	542.00K	3.10M	-2.06M	-7.48M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.32M	2.69M	11.24M	24.77M	11.71M
	Total Assets
148.71M	128.34M	121.20M	86.28M	68.78M
	Total Debt
2.63M	3.45M	6.67M	1.07M	3.07M
	Net Debt
-24.69M	766.00K	-4.58M	-23.70M	-8.64M
	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: 2.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 2.83 is above the 20-day moving average (MA) of 2.53, above the 50-day MA of 2.25, and above the 200-day MA of 1.69, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 62.71 is Neutral, neither overbought nor oversold. The STOCH value of 92.36 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	$381.94M	34.06	7.00%	―	58.34%	1262.30%
Sector *	48 Neutral	$1.92B	-1.99	-22.85%	3.95%	0.94%	-27.31%

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.