Avino Silver & Gold Mines reported third-quarter EPS of C$0.11, well above the C$0.03 estimate. The percentage surprise looks large partly because the estimate was low. It also follows three straight quarterly misses.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported results after the market close on November 4 for the quarter ended September 30, 2026. EPS came in at C$0.11, compared with the C$0.03 estimate, a 266.7% beat. But Avino beat estimates in only one of its last four comparable quarters. The supplied data does not include quarterly revenue or margins, so it doesn’t show what drove the result. Follow the company on the ASM stock page.
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
-1.80%
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 60.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$10.47
+60.3% Upside
Previously C$9.20 on Sep 17, 2026
Current Price
C$6.53
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
65.1%
Annualized
90-Day Vol
71.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$5.46
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$6.15 | C$4.91 – C$7.70 |
| 60 trading days | C$5.80 | C$4.22 – C$7.97 |
| 90 trading days | C$5.46 | C$3.70 – C$8.06 |
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: Avino delivered a clear EPS beat, but the three misses before this quarter make the recent record mixed. The figures provided don’t show revenue, operating costs or what drove the earnings surprise. The EPS result alone isn’t proof of a lasting improvement. Investors will want to see whether earnings and operating performance can sustain it.
C$0.11 EPS versus C$0.03 expected
The 266.7% surprise was measured against a modest estimate. Avino missed estimates in each of the previous three reported quarters, so upcoming results will show whether this quarter marks a more consistent trend.
Bull case
Avino’s C$0.11 EPS was more than three times the C$0.03 estimate. The supplied consensus for the next fiscal period points to further year-over-year growth: analysts expect EPS of C$0.14 and revenue of C$55.73 million for the period ending September 30, 2026. Two analysts contributed to each estimate. Avino also reported Q3 production of 303,189 ounces of silver, 1,732 ounces of gold and 1.1 million pounds of copper, according to the supplied supplemental headline. These figures add operating context, but don’t explain the EPS beat.
Bear case
Avino’s beat follows three straight estimate misses. Longer-term estimates in the supplied data have also come down recently: next-quarter EPS consensus fell from C$0.16 to C$0.14 over 30 days, with one downward revision and none upward. ASM closed at C$6.53, below its 50-day average of C$7.94 and 200-day average of C$9.41. The stock was down 17.24% over the month. Metal prices, mine performance and costs can all affect a miner’s results, but the supplied information doesn’t quantify their impact this quarter.
Analysis
Avino reported EPS of C$0.11 for the quarter ended September 30, against an estimate of C$0.03. This 266.7% beat contrasts with the three previous quarters in the supplied earnings history: EPS was C$0.08 versus C$0.13 expected for the June quarter, C$0.12 versus C$0.13 for March, and C$0.08 versus C$0.11 for December 2025. Avino beat estimates in one of its last four comparable quarters. The supplied results don’t include Q3 revenue, margins or an explanation for the EPS difference, so they don’t show what drove the beat. The company’s Q3 production update, published October 15 according to the supplied supplemental headline, reported 303,189 ounces of silver, 1,732 ounces of gold and 1.1 million pounds of copper. Production figures provide useful context, but they don’t replace the missing financial details.
Analysis
The supplied analyst-target data gives an average target of C$10.47, compared with the last close of C$6.53, implying 60.3% upside. The consensus is labelled bullish based on the average target relative to the last close. A formal rating isn’t available for Canadian listings. See the analyst ratings section for target details. Separately, Wealth Awesome’s statistical 90-day model gives a mean forecast of C$5.46, below the current price of C$6.53. Its 68% range is C$3.70 to C$8.06, and its 95% range is C$2.51 to C$11.90. The model’s 30-, 60- and 90-day mean forecasts are C$6.15, C$5.80 and C$5.46. This is a statistical model, not financial advice, and its wide ranges reflect substantial uncertainty. See the price-prediction section for details.
Analysis
For the next fiscal period, the supplied consensus is EPS of C$0.14, within a range of C$0.10 to C$0.18, and revenue of C$55.73 million. Two analysts contributed to each estimate. The EPS consensus has fallen from C$0.16 over the past 30 days, while the year-ago comparison and estimated growth figures point to a higher year-over-year result. These are forecasts, not reported results. In the next release, investors can compare revenue and costs with production and see whether earnings remain above estimates. ASM’s last close was below its 50-day and 200-day moving averages, and its one-month return was -17.24%. These figures describe recent trading, not what caused the earnings result. See the ASM stock page for company and share information.
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