Avino Silver (ASM) Rises Higher Than Market: Key Facts

Core Viewpoint - Avino Silver (ASM) has shown strong performance in recent trading sessions, with a notable increase in share price and positive earnings expectations for the upcoming quarter [1][2]. Company Performance - The latest trading session closed with Avino Silver at $1.04, reflecting a +0.97% change from the previous day's close, outperforming the S&P 500's gain of 0.08% [1]. - Over the past month, Avino Silver's shares have increased by 14.44%, while the Basic Materials sector has declined by 1.43% and the S&P 500 has lost 0.21% [1]. Upcoming Earnings - The company's earnings report is scheduled for August 13, 2024, with consensus estimates predicting revenue of $13.5 million, representing a 46.42% increase compared to the same quarter last year [1]. Analyst Estimates - For the full year, analysts expect earnings of $0.05 per share and revenue of $59.75 million, indicating increases of +25% and +36.14% respectively from the previous year [2]. - Recent positive revisions in analyst estimates suggest optimism regarding Avino Silver's business and profitability [2]. Valuation Metrics - Avino Silver currently has a Forward P/E ratio of 20.6, which is slightly lower than the industry average of 20.79, indicating a potential discount in valuation [3]. - The Mining - Silver industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [3].