Avino reported quarterly EPS of C$0.11, well above the C$0.03 estimate. But the surprise follows three straight quarters in which earnings fell short of estimates.
Avino Silver & Gold Mines Ltd. (TSX: ASM) released results after market close on November 4 for the quarter ended September 30, 2026. Calendar data shows earnings per share of C$0.11 against an estimate of C$0.03, a 266.7% positive surprise. Supplemental company-news headlines also report Q3 revenue of US$33.4 million, up 59% from a year earlier, and lower 2026 production and cost guidance. Visit the ASM stock page for company metrics and related analysis.
Recent earnings trend
Avino Silver & Gold Mines Ltd
ASM.TO
ASM.TO
Avino Silver & Gold Mines Ltd
WealthAwesomeMarket cap
$1.12B
P/E
17.8x
52W high
$16.11
52W low
$5.83
1W change
+8.57%
Beta
3.02
Analyst Price Targets
Based on analyst covering ASM · as of Oct 13, 2026
Wall Street analysts forecast ASM stock price to rise 58.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$10.47
+58.8% Upside
Previously C$9.20 on Sep 17, 2026
Current Price
C$6.59
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ASM's historical volatility
30-Day Vol
63.1%
Annualized
90-Day Vol
71.0%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$5.51
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$6.21 | C$4.99 – C$7.72 |
| 60 trading days | C$5.85 | C$4.30 – C$7.96 |
| 90 trading days | C$5.51 | C$3.78 – C$8.04 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-09 | — | 0.0900 | — |
| 2026-09-30 | 2026-11-04 | 0.1100 | 0.0300 | +266.7% |
| 2026-06-30 | 2026-08-12 | 0.0800 | 0.1300 | -38.5% |
| 2026-03-31 | 2026-05-13 | 0.1200 | 0.1300 | -7.7% |
| 2025-12-31 | 2026-03-10 | 0.0800 | 0.1100 | -27.3% |
| 2025-09-30 | 2025-11-06 | 0.0700 | 0.0800 | -12.5% |
Investor takeaway: The EPS beat is significant, but it comes after three estimate misses and alongside a reported guidance reduction. The supplied calendar data has no revenue or margin estimates, so it can’t show whether revenue beat expectations. For Canadian investors, the key question is whether Avino can sustain stronger earnings while managing production and costs—not just whether it beat a low EPS estimate this quarter.
C$0.11 EPS versus C$0.03 estimated
The 266.7% positive surprise reverses a run of three consecutive estimate misses. The earnings-history table and chart below show the quarter-by-quarter results. One beat doesn’t tell us whether the improvement will last.
Bull case
Avino’s EPS of C$0.11 was more than three times the C$0.03 estimate. Supplemental results coverage also reports that revenue rose 59% year over year to US$33.4 million. Q3 production was 582,836 silver-equivalent ounces, while La Preciosa development output increased 5% from Q2. The average analyst target is C$10.47, compared with the supplied last close of C$6.59, a 58.8% difference. These results support a positive case if stronger earnings and revenue reflect lasting progress in the business.
Bear case
This was Avino’s first estimate beat in the last four comparable quarters. EPS missed in June, March and December 2025. The company also reportedly lowered its 2026 production and cost guidance, which tempers the growth story. The share price is below its 50-day and 200-day moving averages, and the supplied Wealth Awesome statistical model puts its 90-day mean below the last close. Silver prices and mining operations can be volatile, so one quarterly beat doesn’t settle the outlook.
Analysis
Avino reported September-quarter EPS of C$0.11, compared with the calendar estimate of C$0.03, for a 266.7% positive surprise. The result contrasts with the previous three comparable quarters: actual EPS was C$0.08 against C$0.13 estimated for June 2026, C$0.12 against C$0.13 for March, and C$0.08 against C$0.11 for December 2025. Avino beat estimates in just one of those four quarters. The supplied fundamentals snapshot lists trailing-12-month EPS of C$0.37 and a 33.33% profit margin. These figures offer context, but they don’t provide a quarter-specific margin comparison.
Analysis
A supplemental headline about Avino’s November 4 results reports Q3 revenue of US$33.4 million, up 59% year over year. The supplied earnings data doesn’t include a revenue estimate, so it can’t establish whether revenue beat expectations. Another company-news headline reports quarterly production of 582,836 silver-equivalent ounces, with La Preciosa development output up 5% from Q2. The same coverage says Avino lowered its 2026 production and cost guidance. Check the company’s full release and filings for the revised figures and management’s explanation. More company metrics are available on the ASM stock page.
Analysis
The supplied analyst data gives Avino an average target of C$10.47, compared with a last close of C$6.59—a 58.8% difference. The consensus label compares the average target with the last close. A formal rating isn’t available for this Canadian listing. See the analyst ratings section for more context.
Wealth Awesome’s statistical 90-day price model—not financial advice—shows a mean forecast of C$5.51. Its 68% range is C$3.78 to C$8.04, and its 95% range is C$2.59 to C$11.72. The model’s 30-, 60- and 90-day means are C$6.21, C$5.85 and C$5.51. It also reports annualized drift of -50.0% and 30-day volatility of 63.1%. These are model outputs, not predictions or recommendations. See the price forecast section. At the supplied last close, ASM was below its 50-day average of C$8.10 and 200-day average of C$9.46. Recent performance was positive over one week but negative over one month.
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