Avino Silver & Gold Mines

ASM · TORONTO

$4.64−$0.13 (−2.73%)TodayMarket closed · Oct 23, 8:00 PM ET

Prev close $4.77

ASM analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $10.25 (+120.9% upside)

Low: $8.51
Now: $4.64
High: $13.07

Upgrades and downgrades

The latest rating actions, newest first

ASM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Roth Capital	Oct 16, 2026	Upgrade	Neutral → Buy	$8.00 → $7.00	44%
Roth Capital	Aug 25, 2026	Maintains	Neutral	$7.00 → $7.50	44%
HC Wainwright & Co.	Aug 13, 2026	Maintains	Buy	$10.25 → $10.50	25%
Roth Capital	Jul 23, 2026	Maintains	Neutral	$8.00 → $6.50	44%
HC Wainwright & Co.	Jul 22, 2026	Maintains	Buy	$13.00 → $10.25	25%
HC Wainwright & Co.	May 14, 2026	Maintains	Buy	$12.50 → $13.00	25%
HC Wainwright & Co.	Apr 17, 2026	Maintains	Buy	$12.50	25%
HC Wainwright & Co.	Jan 23, 2026	Maintains	Buy	$7.40 → $12.50	25%
Roth Capital	Jan 23, 2026	Maintains	Neutral	$5.50 → $7.25	44%
HC Wainwright & Co.	Nov 7, 2025	Maintains	Buy	$7.60 → $7.40	25%

The case for and against

Updated Oct 21, 2026

Bull case

Avino Silver & Gold Mines is viewed favorably because the recent pullback has improved valuation while the company’s core operations are delivering stronger financial results, with 2Q26 revenue of $26.8M, net income of $10.9M, and EBITDA up 69% YoY to $12.6M. Its balance sheet is a major strength, supported by $144.8M in cash and no debt, giving it flexibility to reinvest, withstand metal-price volatility, and pursue growth opportunities. The outlook is further reinforced by La Preciosa, where development and mine preparation on Level 3 are nearly complete and drilling has advanced 6,591 meters of the planned 15,000 meters, supporting a potential move toward higher-grade production.

Bear case

Avino Silver & Gold Mines is facing a cautious fundamental backdrop because its results remain highly leveraged to volatile silver, gold, and copper prices, with silver the main risk and recent precious metals weakness pressuring valuation. The company also carries meaningful operational and technical exposure, including production variability, grade shortfalls, mining cost inflation, and timing risk around completion of its paste backfill plant. Although its assets are in Canada and Mexico, where political risk is relatively low, the July 22, 2026 Q2 production miss and the reduction in estimated value from a lower DCF premium underscore how quickly weaker operating trends and commodity normalization can erode investor confidence.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.