In This Article:
The analysts might have been a bit too bullish on Avino Silver & Gold Mines Ltd. (TSE:ASM), given that the company fell short of expectations when it released its third-quarter results last week. Results showed a clear earnings miss, with US$15m revenue coming in 6.9% lower than what the analystsexpected. Statutory earnings per share (EPS) of US$0.01 missed the mark badly, arriving some 60% below what was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Check out our latest analysis for Avino Silver & Gold Mines
Following the latest results, Avino Silver & Gold Mines' four analysts are now forecasting revenues of US$78.1m in 2025. This would be a major 44% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 268% to US$0.097. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$75.2m and earnings per share (EPS) of US$0.094 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.
With these upgrades, we're not surprised to see that the analysts have lifted their price target 12% to CA$2.75per share. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Avino Silver & Gold Mines, with the most bullish analyst valuing it at CA$3.30 and the most bearish at CA$2.20 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Avino Silver & Gold Mines' past performance and to peers in the same industry. The analysts are definitely expecting Avino Silver & Gold Mines' growth to accelerate, with the forecast 34% annualised growth to the end of 2025 ranking favourably alongside historical growth of 21% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 17% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Avino Silver & Gold Mines is expected to grow much faster than its industry.