| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 33 | 24.6x | 17.8x | Bottom tier | |
Growth | 96 | 50.4% | 7.1% | Top tier | |
Quality | 66 | 7.8% | 4.5% | Around median | |
Safety | 93 | — | 2.6x | Top tier | |
Capital Return | 43 | — | 2.12% | Around median | |
Momentum | 49 | 54.3% | 2.9% | Around median | |
Sentiment | 47 | 2 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Avino Silver & Gold Mines Ltd. operates mining and processing assets in Mexico and is transitioning from a single-mine operator to a multi-asset mid-tier producer. The company’s asset base includes the Avino Mine, the La Preciosa project, and a processing complex comprising four independent circuits, with shared water, power, and tailings storage infrastructure within a 20-kilometer radius. Revenue is heavily dependent on precious metals; in fiscal Q2 2026, silver accounted for 54% of revenue, while silver and gold sales together represented more than 90%.
In fiscal Q2 2026, revenue reached $26.8 million, up 23% year over year, but came in below consensus estimates. Gross margin was 48% including non-cash items and 54% on a cash basis excluding depreciation and depletion, while net income after tax reached $10.9 million, up 281%, and diluted earnings per share were $0.06. The company also generated $13.3 million in operating cash flow and $5.6 million in free cash flow based on management-defined exclusions.
EDGAR data for fiscal 2025 show revenue of $92.2 million, gross profit of $48.5 million, and net income of $26.6 million, equivalent to a gross margin of approximately 52.6% and a net income margin of approximately 28.9%. In fiscal Q4 2025, revenue was $30.5 million, gross profit was $17.8 million, and net income was $10.5 million. These figures confirm that Avino’s profitability depends on a combination of production volume, ore grades, metal prices, and concentrate pricing timing, rather than revenue growth alone.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is Buy, with an average price target of $9 and a target range of $7.5 to $10.5. Both the average target and the highest target are below the 52-week range high of $11.99, while the annual trading range extends from $4 to $11.99, reflecting the broad repricing associated with earnings growth, La Preciosa’s progress, and metal price volatility. A price-to-earnings ratio is not displayed, so the valuation should be assessed through the target range, fiscal 2025 earnings of $0.17 per share, and cost and execution risks.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The most prominent operating driver is La Preciosa, where silver production increased 59% compared with fiscal Q1 2026 and contributed more than 100 thousand silver equivalent ounces. The first and second circuits are processing development ore from the project, and the company is targeting a rate approaching 500 tonnes per day. Development of the third level at Abundancia and Gloria is also nearing completion to begin long-hole production mining using higher-grade ore than the development ore.
Revenue reached $26.8 million, up 23% year over year, but came in below consensus estimates. Net income after tax reached $10.9 million, an increase of 281%, and diluted earnings per share were $0.06, in line with analyst expectations. Gross margin was 48% including non-cash items and 54% on a cash basis excluding depreciation and depletion.
On April 16, 2026, the company announced its first mineral reserves, comprising 27 million tonnes and 127 million silver equivalent ounces at an average grade of 145 grams per tonne. Measured and indicated resources totaled 67.7 million tonnes containing 301 million silver equivalent ounces at an average grade of 102 grams per tonne. Inferred resources also totaled 24.8 million tonnes containing 87.6 million equivalent ounces at an average grade of 123 grams per tonne.
Cash totaled $144 million and working capital was $141 million at the end of fiscal Q2 2026. The company had no secured debt except for operating equipment leases at the Avino and La Preciosa sites. Operating cash flow was $13.3 million, while free cash flow reached $5.6 million based on the exclusions announced by management.
The company doubled its processing of La Preciosa development ore compared with fiscal Q1 2026, which is lower-grade ore affected by greater mining dilution than the expected production ore. Consolidated cash cost reached $74.72 per tonne at the upper end of the range, while all-in cost reached $96 per tonne, exceeding the range. The approximately 12% to 15% strength of the Mexican peso against the dollar compared with fiscal Q2 2025 added further pressure on margins.
Fiscal Q2 2026 revenue and margins were negatively affected by $5 million in provisional pricing adjustments and an increase in concentrate inventory at the end of the period. Management explained on the August 12, 2026 call that pricing follows a month-plus-one-month mechanism, but it did not intend to implement metal hedging at that stage. Because more than 90% of revenue came from silver and gold, results remain exposed to metal price movements and the timing of settlements and shipments.
