asm stock

**Bottom-line: Avino Silver & Gold Mines (ASM) looks fundamentally stronger than it has in years, but the stock already trades above most Street targets—so fresh upside will hinge on cost control and the success of its La Preciosa ramp-up.** 🚀✨ --- ### 1. What just happened? 📈🔍 ASM’s latest report covered fiscal Q4 2025, the period ending 31 Dec 2025. ### 2. Earnings momentum is real 🏆 • Revenue hit **$30.54 million** and net income reached **$10.46 million** in Q4 2025. • Year-over-year, revenue grew **25.27 %** while net income jumped **105.42 %**—a powerful double-digit beat. |market_code|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY| |---|---|---|---|---|---|---|---| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q1|837.7295492487478|51.98902606310014|| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q2|130.96774193548387|47.460607290187326|100| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q3|558.8537211291703|43.96551724137931|400| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q4|105.4202670856245|25.27274218685916|| ### 3. Balance-sheet strength gives ASM room to run 💰🛡️ • Cash & equivalents sit at **$101.72 million** with total liabilities only **$45 million**, leaving the company debt-light and liquid. |market_code|code|Ticker|Name|Date|Total Assets|Debt-to-Equity Ratio|Total Liabilities| |---|---|---|---|---|---|---|---| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q1|1.57693E8|0.004853047895500726|2.5405E7| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q2|1.7468E8|0.003854309850593688|2.9907E7| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q3|2.21858E8|0.0025971601453970415|3.9736E7| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q4|2.79032E8|0.0016579071059265905|4.5002E7| |market_code|code|Ticker|Name|Date|Free Cash Flow|Investing Cash Flow|Operating Cash Flow|Financing Cash Flow| |---|---|---|---|---|---|---|---|---| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q1|-1.6396456022E7|-1796000|758000|350000| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q2|-2.1963619401E7|-3961000|8350000|6285000| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q3|-3.849124808E7|-1.7069E7|8329000|2.8771E7| |170|ASM|ASM.A|Avino Silver & Gold|2025 Q4|-6.9862034342E7|-4049000|9986000|3.8453E7| ### 4. Street view: cautious optimism 🤔 • The average analyst price target is **$9.88**, and the consensus rating is “Neutral”. ### 5. Valuation check: rich, but not crazy 🧐 • Simply Wall St pegs ASM at **68.6× P/E**, well above the peer average of 31.6×. • Yet HC Wainwright just lifted its FY-26 EPS estimate to **$0.38**—almost four-times consensus. • Translation: the market is paying up for growth, not for weakness. ### 6. Catalysts & watch-outs ⚙️⚠️ Positives 1. Record **$92.2 million** FY-25 revenue and **$102 million** cash on hand. 2. La Preciosa development material is now contributing, helping ASM become a “primary silver” producer again. 3. 30,000 meters of drilling planned for 2026 could unlock new ounces and reserves. Risks 1. Cash cost per silver-eq. ounce rose **9 %** to **$16.13** in 2025. 2. All-in sustaining cash cost jumped **15 %** to **$23.75**. 3. Share price volatility: the stock fell **-8.56 %** on the latest session. --- ### Actionable take 🎯 • If you’re bullish on silver prices and ASM’s multi-asset growth plan, consider scaling in on pullbacks toward the $7–$7.50 zone, where institutional buying has appeared. • Set a stop just below the 200-day moving average (~$6.30) to respect cost-inflation risks. • Re-evaluate after the first-half reserve announcement; confirmation could justify the premium to the Street’s $9.88 target. --- Ready to dig deeper, or are you waiting for the next drill-core update before pulling the trigger? 🪙🔍