The prospects for the Zacks Mining - Silver industry look promising, driven by rising silver prices. Global industrial demand for silver is expected to account for a major part of the total demand, which is projected at around 1.15 billion ounces. However, supply is expected to be lower than this, suggesting that the silver market is headed for a fifth consecutive year of deficit, which is likely to bolster prices. We suggest keeping tabs on companies Fresnillo (FNLPF) , Hecla Mining (HL) and Avino Silver & ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Industry Overview - The Zacks Mining - Silver industry is experiencing promising prospects due to rising silver prices, with global industrial demand projected at approximately 1.15 billion ounces, while supply is expected to be lower, indicating a fifth consecutive year of deficit [1][4] - The industry comprises companies engaged in the exploration, development, and production of silver, with only 20% of silver coming from mining activities where silver is the primary revenue source [3] Demand and Supply Dynamics - Total silver demand is expected to dip by 1% to 1.148 billion ounces in 2025, with industrial use projected at around 677.4 million ounces, accounting for roughly 59% of total demand, driven by the solar energy industry and rising usage in electrical applications [4][5] - Silver prices increased by approximately 22% in 2024 and 33.7% in 2025, supported by economic uncertainties and solid demand amid tight supply [5] Cost Management and Operational Efficiency - Industry players are facing rising production costs, particularly in energy, wages, and materials, leading to a focus on improving sales volumes and cost-effectiveness through technological innovations [6] - Companies are investing in R&D to enhance operational efficiency and sustain growth while managing costs [6] Stock Performance and Valuation - The Mining-Silver Industry has outperformed the Basic Material sector and the Zacks S&P 500 composite over the past year, with a collective gain of 42% compared to the sector's 2.4% rise [10] - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 11.79X, lower than the S&P 500's 17.66X and the Basic Material sector's 12.73X [12] Company Highlights - **Pan American Silver (PAAS)**: Reported record cash flow of $233 million and a 291% year-over-year increase in earnings per share, with a projected output of 20-21 million ounces of silver in 2025 [16][17] - **Vizsla Silver (VZLA)**: Advancing its flagship Panuco silver-gold project, targeting first production in the second half of 2027, with a recent 43% increase in estimated mineral resources [22][23] - **Avino Silver Mines (ASM)**: Produced 645,602 silver equivalent ounces in Q2 2025, up 5% year-over-year, and remains on track to achieve a production range of 2.5 - 2.8 million silver equivalent ounces in 2025 [25][26] - **Hecla Mining (HL)**: Reported record revenues of $304 million and a 10% increase in silver production, with a projected silver equivalent output of 35.5 - 39.0 million ounces for 2025 [29][30]

Core Viewpoint - Avino Silver (ASM) reported strong quarterly earnings, significantly exceeding expectations, indicating robust financial performance and potential for future growth [1][2]. Financial Performance - The company achieved quarterly earnings of $0.06 per share, surpassing the Zacks Consensus Estimate of $0.02 per share, and showing an increase from $0.03 per share a year ago, resulting in an earnings surprise of +200.00% [1]. - Revenues for the quarter ended June 2025 were $21.81 million, exceeding the Zacks Consensus Estimate by 21.82%, and up from $14.79 million year-over-year [2]. - Over the last four quarters, Avino Silver has consistently surpassed consensus EPS estimates and revenue estimates [2]. Stock Performance - Avino Silver shares have increased approximately 343.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 9.6% [3]. - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [6]. Future Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.03 for the coming quarter and $0.17 for the current fiscal year [7]. - The Mining - Silver industry is ranked in the top 7% of over 250 Zacks industries, suggesting a favorable environment for Avino Silver's performance [8].

Company Performance - Endeavour Silver reported a quarterly loss of $0.03 per share, missing the Zacks Consensus Estimate of $0.01, compared to break-even earnings per share a year ago, representing an earnings surprise of -400.00% [1] - The company posted revenues of $85.3 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.67%, and showing a year-over-year increase from $58.26 million [2] - Over the last four quarters, Endeavour Silver has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Endeavour Silver shares have increased approximately 57.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 9.6% [3] - The current consensus EPS estimate for the coming quarter is $0.07 on revenues of $115.76 million, and for the current fiscal year, it is $0.03 on revenues of $394.52 million [7] Industry Outlook - The Mining - Silver industry, to which Endeavour Silver belongs, is currently ranked in the top 7% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can materially impact stock performance [5][8]

Company Overview - Hecla Mining (HL) currently holds a Momentum Style Score of A, indicating strong momentum in its stock performance [3] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4] Recent Performance - Over the past week, HL shares have increased by 33.57%, outperforming the Zacks Mining - Silver industry, which rose by 13.49% [6] - In a longer time frame, HL shares have gained 52.83% over the past quarter and 45.75% over the last year, while the S&P 500 has only moved 13.05% and 20.74%, respectively [7] Trading Volume - The average 20-day trading volume for HL is 21,929,204 shares, which is a significant indicator of market interest and momentum [8] Earnings Outlook - In the past two months, three earnings estimates for HL have been revised upwards, increasing the consensus estimate from $0.18 to $0.27 [10] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, HL is positioned as a promising investment opportunity with a Momentum Score of A [12]

Core Insights - Pan American Silver (PAAS) reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and significantly up from $0.11 per share a year ago, representing an earnings surprise of +7.50% [1] - The company achieved revenues of $811.9 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.81% and increasing from $686.3 million year-over-year [2] - Pan American Silver shares have appreciated approximately 44.1% since the beginning of the year, outperforming the S&P 500's gain of 7.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $851.64 million, and for the current fiscal year, it is $1.98 on revenues of $3.34 billion [7] - The estimate revisions trend for Pan American Silver was favorable ahead of the earnings release, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Mining - Silver industry is currently ranked in the top 6% of over 250 Zacks industries, suggesting a strong outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Group 1 - Avino Silver's stock closed at $3.56, reflecting a +1.42% change from the previous day's closing price, outperforming the S&P 500 which gained 0.73% [1] - Over the past month, Avino Silver's shares have decreased by 0.57%, while the Basic Materials sector has lost 1.45% [1] Group 2 - The upcoming earnings report for Avino Silver is scheduled for August 13, 2025, with an expected EPS of $0.03, indicating no change from the same quarter last year [2] - Revenue is projected to be $18.3 million, representing a 23.73% increase from the previous year [2] Group 3 - For the entire year, the forecasted earnings per share is $0.17, showing a +13.33% change compared to the previous year, with revenue expected to reach $84.3 million, up +27.38% [3] - Recent analyst estimate revisions suggest a favorable outlook on Avino Silver's business health and profitability [3][4] Group 4 - The Zacks Rank system indicates Avino Silver currently holds a rank of 1 (Strong Buy), with a consensus EPS projection that has increased by 13.33% in the past 30 days [5] - The average annual gain for 1 ranked stocks has been +25% since 1988, highlighting the potential for strong performance [5] Group 5 - Avino Silver's Forward P/E ratio is 20.65, which aligns with the industry average, indicating no significant deviation [6] - The Mining - Silver industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 14, placing it in the top 6% of over 250 industries [6][7]

Another stock in the Basic Materials sector, Aris Mining Corporation (ARMN) , has outperformed the sector so far this year. The stock's year-to-date return is 105.4%. For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Avino Silver (ASM) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Avino Silver is a member of our Basic Materials group, which includes ...

Group 1 - Avino Silver (ASM) closed at $3.68, reflecting a -5.15% change from the previous day, underperforming compared to the S&P 500's 0.01% loss [1] - Over the past month, Avino Silver's shares increased by 9.91%, outperforming the Basic Materials sector's gain of 1.67% and the S&P 500's gain of 5.37% [1] Group 2 - The upcoming earnings release for Avino Silver is projected to show earnings per share (EPS) of $0.03, unchanged from the same quarter last year, with a revenue estimate of $18.3 million, indicating a 23.73% increase year-over-year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $0.15 per share and revenue of $78.85 million, reflecting no change and a 19.15% increase, respectively, from the previous year [3] Group 3 - The Zacks Rank system, which includes estimate changes, indicates Avino Silver currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual gain of +25% for 1 stocks since 1988 [5] - Over the last 30 days, the Zacks Consensus EPS estimate for Avino Silver has increased by 15.39% [5] Group 4 - Avino Silver's Forward P/E ratio is 25.87, which is a premium compared to the industry average Forward P/E of 21.96 [6] - The Mining - Silver industry, part of the Basic Materials sector, has a Zacks Industry Rank of 8, placing it in the top 4% of over 250 industries [6]