Avino Silver & Gold Mines (ASM)
Market Price (9/14/2026): $6.53 | Market Cap: $1.1 BilSector: Materials | Industry: Precious Metals & Minerals
Avino Silver & Gold Mines (ASM)
Market Price (9/14/2026): $6.53Market Cap: $1.1 BilSector: MaterialsIndustry: Precious Metals & Minerals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 48% Megatrend and thematic driversMegatrends include Renewable Energy Transition, Battery Technology & Metals, and Sustainable Resource Management. Themes include Solar Energy Generation, Show more. | Key risksASM key risks include [1] execution uncertainty for key projects like La Preciosa, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 48% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Battery Technology & Metals, and Sustainable Resource Management. Themes include Solar Energy Generation, Show more. |
| Key risksASM key risks include [1] execution uncertainty for key projects like La Preciosa, Show more. |
Qualitative Assessment
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Updated on 9/11/2026
Avino Silver & Gold Mines (ASM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Avino Silver & Gold Mines (ASM) missed analyst earnings expectations for its fiscal Q2 2026. The company reported earnings per share (EPS) of $0.06 on August 11, 2026, which fell 33.33% short of analysts' estimated $0.09. This company-specific news resulted in a 3.25% drop in the stock price the day following the announcement, moving from $7.38 to $7.14.
2. Weakening silver prices contributed to downward pressure on the stock. The price of silver experienced a significant decline, falling approximately 12.76% from $2,416.62 per kilogram on January 1, 2026, to $2,108.26 per kilogram by September 10, 2026. This broader commodity price trend directly impacts the revenue and profitability outlook for a silver and gold mining company like Avino.
Show more
Avino Silver & Gold Mines (ASM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Avino Silver & Gold Mines (ASM) missed analyst earnings expectations for its fiscal Q2 2026. The company reported earnings per share (EPS) of $0.06 on August 11, 2026, which fell 33.33% short of analysts' estimated $0.09. This company-specific news resulted in a 3.25% drop in the stock price the day following the announcement, moving from $7.38 to $7.14.
2. Weakening silver prices contributed to downward pressure on the stock. The price of silver experienced a significant decline, falling approximately 12.76% from $2,416.62 per kilogram on January 1, 2026, to $2,108.26 per kilogram by September 10, 2026. This broader commodity price trend directly impacts the revenue and profitability outlook for a silver and gold mining company like Avino.
Show more
Updated on 9/11/2026
Avino Silver & Gold Mines (ASM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Avino Silver & Gold Mines (ASM) missed analyst earnings expectations for its fiscal Q2 2026. The company reported earnings per share (EPS) of $0.06 on August 11, 2026, which fell 33.33% short of analysts' estimated $0.09. This company-specific news resulted in a 3.25% drop in the stock price the day following the announcement, moving from $7.38 to $7.14.
2. Weakening silver prices contributed to downward pressure on the stock. The price of silver experienced a significant decline, falling approximately 12.76% from $2,416.62 per kilogram on January 1, 2026, to $2,108.26 per kilogram by September 10, 2026. This broader commodity price trend directly impacts the revenue and profitability outlook for a silver and gold mining company like Avino.
3. Broader macroeconomic factors, including rising US Treasury yields and a hawkish Federal Reserve stance, exerted pressure on precious metals. General market sentiment for gold and silver remained subdued, with both metals expected to stay under pressure due to rising US Treasury yields ahead of the Federal Reserve meeting on September 16, 2026. The gold-to-silver ratio also normalized to around 70 in the second half of 2026, influenced by increasing hawkishness from the Fed on interest rates, making non-yielding precious metals less attractive.
Show less
Avino Silver & Gold Mines (ASM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Avino Silver & Gold Mines (ASM) missed analyst earnings expectations for its fiscal Q2 2026. The company reported earnings per share (EPS) of $0.06 on August 11, 2026, which fell 33.33% short of analysts' estimated $0.09. This company-specific news resulted in a 3.25% drop in the stock price the day following the announcement, moving from $7.38 to $7.14.
2. Weakening silver prices contributed to downward pressure on the stock. The price of silver experienced a significant decline, falling approximately 12.76% from $2,416.62 per kilogram on January 1, 2026, to $2,108.26 per kilogram by September 10, 2026. This broader commodity price trend directly impacts the revenue and profitability outlook for a silver and gold mining company like Avino.
3. Broader macroeconomic factors, including rising US Treasury yields and a hawkish Federal Reserve stance, exerted pressure on precious metals. General market sentiment for gold and silver remained subdued, with both metals expected to stay under pressure due to rising US Treasury yields ahead of the Federal Reserve meeting on September 16, 2026. The gold-to-silver ratio also normalized to around 70 in the second half of 2026, influenced by increasing hawkishness from the Fed on interest rates, making non-yielding precious metals less attractive.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -11.3% change in ASM stock from 5/31/2026 to 9/13/2026 was primarily driven by a -25.7% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.32 | 6.49 | -11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 113 | 118 | 4.4% |
| Net Income Margin (%) | 32.7% | 38.2% | 16.6% |
| P/E Multiple | 33.0 | 24.5 | -25.7% |
| Shares Outstanding (Mil) | 167 | 170 | -2.1% |
| Cumulative Contribution | -11.3% |
Market Drivers
5/31/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| ASM | -11.3% | |
| Market (SPY) | 1.0% | 57.9% |
| Sector (XLB) | -0.4% | 51.4% |
Fundamental Drivers
The -32.5% change in ASM stock from 2/28/2026 to 9/13/2026 was primarily driven by a -63.3% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.62 | 6.49 | -32.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 118 | 36.9% |
| Net Income Margin (%) | 24.7% | 38.2% | 54.4% |
| P/E Multiple | 66.9 | 24.5 | -63.3% |
| Shares Outstanding (Mil) | 148 | 170 | -13.0% |
| Cumulative Contribution | -32.5% |
Market Drivers
2/28/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| ASM | -32.5% | |
| Market (SPY) | 11.7% | 59.6% |
| Sector (XLB) | -4.2% | 58.7% |
Fundamental Drivers
The 45.2% change in ASM stock from 8/31/2025 to 9/13/2026 was primarily driven by a 106.2% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.47 | 6.49 | 45.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 80 | 118 | 47.9% |
| Net Income Margin (%) | 18.5% | 38.2% | 106.2% |
| P/E Multiple | 43.7 | 24.5 | -43.8% |
| Shares Outstanding (Mil) | 144 | 170 | -15.2% |
| Cumulative Contribution | 45.2% |
Market Drivers
8/31/2025 to 9/13/2026| Return | Correlation | |
|---|---|---|
| ASM | 45.2% | |
| Market (SPY) | 19.5% | 48.4% |
| Sector (XLB) | 12.0% | 50.9% |
Fundamental Drivers
The 930.2% change in ASM stock from 8/31/2023 to 9/13/2026 was primarily driven by a 1622.2% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.63 | 6.49 | 930.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 118 | 175.2% |
| Net Income Margin (%) | 2.2% | 38.2% | 1622.2% |
| P/E Multiple | 79.1 | 24.5 | -69.0% |
| Shares Outstanding (Mil) | 119 | 170 | -29.9% |
| Cumulative Contribution | 930.2% |
Market Drivers
8/31/2023 to 9/13/2026| Return | Correlation | |
|---|---|---|
| ASM | 930.2% | |
| Market (SPY) | 75.7% | 35.4% |
| Sector (XLB) | 29.7% | 42.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ASM Return | -34% | -21% | -23% | 68% | 605% | 15% | 448% |
| Peers Return | -26% | -21% | -16% | 36% | 205% | 10% | 123% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| ASM Win Rate | 25% | 42% | 33% | 50% | 83% | 56% | |
| Peers Win Rate | 32% | 47% | 45% | 48% | 68% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ASM Max Drawdown | -58% | -54% | -58% | -43% | -36% | -53% | |
| Peers Max Drawdown | -50% | -53% | -48% | -35% | -31% | -49% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PAAS, AG, HL, CDE, EXK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)
How Low Can It Go
| Event | ASM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.4% | -18.8% |
| % Gain to Breakeven | 18.2% | 23.1% |
| Time to Breakeven | 13 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.9% | -7.8% |
| % Gain to Breakeven | 21.7% | 8.5% |
| Time to Breakeven | 9 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.2% | -9.5% |
| % Gain to Breakeven | 73.0% | 10.5% |
| Time to Breakeven | 143 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.4% | -6.7% |
| % Gain to Breakeven | 15.5% | 7.1% |
| Time to Breakeven | 15 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.5% | -24.5% |
| % Gain to Breakeven | 73.8% | 32.4% |
| Time to Breakeven | 116 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.8% | -33.7% |
| % Gain to Breakeven | 95.1% | 50.9% |
| Time to Breakeven | 63 days | 140 days |
In The Past
Avino Silver & Gold Mines's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | ASM | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.2% | -9.5% |
| % Gain to Breakeven | 73.0% | 10.5% |
| Time to Breakeven | 143 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.5% | -24.5% |
| % Gain to Breakeven | 73.8% | 32.4% |
| Time to Breakeven | 116 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.8% | -33.7% |
| % Gain to Breakeven | 95.1% | 50.9% |
| Time to Breakeven | 63 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.5% | -19.2% |
| % Gain to Breakeven | 38.0% | 23.8% |
| Time to Breakeven | 62 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -43.9% | -3.7% |
| % Gain to Breakeven | 78.2% | 3.9% |
| Time to Breakeven | 3047 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.9% | -12.2% |
| % Gain to Breakeven | 56.1% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.5% | -6.8% |
| % Gain to Breakeven | 190.1% | 7.3% |
| Time to Breakeven | 146 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -45.0% | -0.2% |
| % Gain to Breakeven | 81.9% | 0.2% |
| Time to Breakeven | 57 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -47.7% | -17.9% |
| % Gain to Breakeven | 91.1% | 21.8% |
| Time to Breakeven | 1746 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.3% | -15.4% |
| % Gain to Breakeven | 25.5% | 18.2% |
| Time to Breakeven | 33 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.1% | -53.4% |
| % Gain to Breakeven | 569.6% | 114.4% |
| Time to Breakeven | 681 days | 1085 days |
In The Past
Avino Silver & Gold Mines's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Avino Silver & Gold Mines (ASM)
Avino Silver & Gold Mines Ltd. (ASM) is a Canadian mining company primarily engaged in the acquisition, exploration, and advancement of mineral properties. The company's core focus is on identifying and developing deposits rich in valuable metals such as silver, gold, and copper across its portfolio of mineral claims and leased concessions.
The company's main products are the extracted silver, gold, and copper from its mining operations. Avino holds significant interests in properties located in Mexico, particularly within the state of Durango, and in Canada, with assets in British Columbia and the Yukon. The primary market for Avino's metals is the global commodities sector, serving a diverse range of customers including refineries, industrial end-users, and precious metals investors.
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- Think of it as a smaller, North American focused version of Pan American Silver, exploring for and mining silver, gold, and copper.
- It's like a more focused, smaller-scale Teck Resources, concentrating specifically on silver, gold, and copper deposits in Canada and Mexico.
- Imagine a smaller, Canadian-headquartered company operating similarly to Freeport-McMoRan, but with a stronger emphasis on silver and gold alongside copper mining.
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- Silver: A precious metal primarily extracted from its mineral properties.
- Gold: A precious metal primarily extracted from its mineral properties.
- Copper: An industrial metal primarily extracted from its mineral properties.
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Avino Silver & Gold Mines Ltd. (ASM) operates as an upstream mining company, primarily engaged in the exploration, acquisition, and advancement of mineral properties for silver, gold, and copper deposits. As such, it produces raw or semi-processed mineral products (such as doré bars or concentrates).
The company sells its output primarily to other companies within the metal processing and refining industry, rather than directly to individuals. Its major customers typically fall into the following categories:
- Smelters and Refiners: Companies that process raw ore or mineral concentrates into refined metals.
- Metal Traders and Brokers: Intermediaries who buy and sell commodities on the global market.
- Industrial Purchasers: Companies that may purchase raw materials for further industrial applications.
Due to the nature of commodity production and sales in the mining sector, Avino Silver & Gold Mines Ltd. does not publicly disclose the names of its specific major customer companies. Mining companies typically sell their products into the global commodity market, often under various sales agreements, and specific customer names are generally not provided in their public filings.
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David Wolfin, President, CEO & Director
Mr. Wolfin has over 35 years of experience in the mineral resources industry, encompassing exploration, development, construction, and operations across North America. He led Avino's growth from partial ownership of the closed Avino mine in 2001 to full ownership and commercial production in 2012. Under his leadership, Avino grew to over 500 employees, reached a market cap of US$800 million, and ranked 5th on the 2025 TSX 30. With a background in finance from the Vancouver Stock Exchange and securities firms, Mr. Wolfin has completed over US$350 million in financings and strategic deals, including the sale of Coral Gold's Robertson Project to Barrick and Newmont, resulting in a 2,000% shareholder gain. He also manages the Oniva International Services Group, which supports several mining and exploration companies. His father founded Avino Silver & Gold Mines in 1968.
Nathan Harte, CFO
Mr. Harte is a Canadian Chartered Professional Accountant (CPA) with over a decade of experience in finance across mineral exploration, development, production, and royalties in North and South America and Africa. He joined Avino in 2016 and became CFO in 2018, guiding its growth into one of Mexico's fastest-growing silver producers. He has led over US$300 million in financing and M&A transactions, including the acquisition of La Preciosa and the sale of Bralorne Gold Mines Ltd. Previously, he was CFO of Coral Gold Resources Ltd. and also served as CFO for other companies within the Oniva International Services Group, including Coral Gold Resources Ltd. and Bralorne Gold Mines Ltd. prior to their sales. He also currently serves as CFO of Silver Wolf Exploration Ltd.
Carlos Rodriguez, COO
Carlos Rodriguez serves as the Chief Operating Officer of Avino Silver & Gold Mines.
Peter Latta, VP, Technical Services
Peter Latta joined Avino in February 2018 as Senior Technical Advisor and was appointed VP Technical Services in January 2020. He manages Avino's trading relationships and provides high-level technical support to the company's operating mines in Durango, Mexico. Prior to Avino, he held senior positions with Gekko Systems and Takraf Canada and assisted in the startup, operation, and shutdown of Alexco's Keno Hill operation.
Jasmine Trevitt, Corporate Secretary
Ms. Trevitt has over 25 years of experience in securities and corporate finance. She joined Avino Silver & Gold Mines Ltd. as Corporate Secretary in December 2021, bringing extensive expertise from her 13 years as Corporate Secretary and Vice President, Corporate Affairs at Minco Silver Corporation and Minco Capital Corp. She also serves as Corporate Secretary for Silver Wolf Exploration Ltd.
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The key risks to Avino Silver & Gold Mines (ASM) primarily stem from the inherent volatility of the mining sector and its specific operational environment:
- Commodity Price Volatility: Avino Silver & Gold Mines is highly susceptible to fluctuations in the prices of silver, gold, and copper, as its production remains "completely unhedged". This direct exposure to metal price swings can significantly impact the company's revenue and overall profitability.
- Operational Execution and Production Risks: The company faces challenges related to managing its operational execution, including the head grade (concentration of metal in the ore) which directly affects production output. Rising All-in Sustaining Costs (AISC) and lower feed grades have previously impacted production. Additionally, there are inherent risks of potential delays or cost overruns in key development projects, such as the La Preciosa mine, which could affect future performance.
- Jurisdictional and Regulatory Risks in Mexico: As Avino's primary revenue stream comes from its Avino Mine property in Durango, Mexico, the company is exposed to changes in the economic and political landscape of Mexico. This includes the impact of movements between the U.S. dollar and the Mexican peso, potential tariff discussions, and the risk of changes in mining regulations, all of which could pose operational or financial challenges.
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Addressable Markets for Avino Silver & Gold Mines (ASM) Products
Avino Silver & Gold Mines Ltd. primarily explores for silver, gold, and copper deposits. The addressable markets for these main products are as follows:Silver
The global silver market size was valued at USD 87.12 billion in 2024. Other estimates indicate the global silver market size was valued at USD 21.21 billion in 2024 and is anticipated to reach USD 21.91 billion in 2025. Global silver demand is expected to be 1.20 billion ounces in 2025.Gold
The global gold market was valued at USD 291.68 billion in 2024. In terms of volume, the global gold market size stood at 4,890.0 tons in 2025.Copper
The global copper market size was estimated at USD 241.88 billion in 2024. It was valued at USD 291.12 billion in 2025. Global copper mine output in 2024 is expected to reach 22.9 million tonnes.AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Avino Silver & Gold Mines (ASM) over the next 2-3 years:
- Increased Production and Development at La Preciosa Mine: Avino Silver & Gold Mines is focused on significantly increasing production capacity at its La Preciosa mine, with a goal of reaching 500 tonnes per day in the second half of 2026. The company has already commenced processing mineralized development material from La Preciosa, and its acquisition of outstanding royalties and contingent payments on the property has strengthened its ownership and improved project economics. This initiative is a core part of its strategy to transition to a multi-asset producer.
- Strategic Exploration and Drilling Programs: Avino Silver & Gold Mines plans an extensive 30,000-meter drilling program for 2026, evenly split between the Avino Mine and La Preciosa properties. This aggressive exploration aims to unlock additional resource potential, leading to an updated Mineral Resource Estimate and an inaugural Mineral Reserve Estimate in the first half of 2026, which will support future production growth.
- Mill Equipment Upgrades and Improved Recovery Rates: The company is investing in upgrading its mill equipment, specifically targeting improvements in recovery rates. Past upgrades and automation enhancements have already resulted in elevated mill throughput, and continued investment in this area is expected to lead to greater metal recovery from processed ore, thereby boosting revenue.
- Favorable Metal Price Environment: Avino Silver & Gold Mines has benefited significantly from higher realized metal prices, particularly for silver, which contributed to record revenues in 2025. A sustained favorable precious metals market is anticipated to continue supporting the company's strong financial performance and revenue growth in the coming years.
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Share Issuance
- Avino Silver & Gold Mines renewed and increased its at-the-market (ATM) equity program in November 2025, allowing it to sell common shares for aggregate gross proceeds up to US$60 million.
- In 2025, financing cash flow, largely from ATM share issuances and option exercises, amounted to $73.9 million, which led to an increase in share capital from $163.3 million to $243.3 million.
- The number of outstanding shares increased by 16.25% in 2025, 3.98% in 2024, 3.87% in 2023, 16.07% in 2022, and 16.61% in 2021.
Outbound Investments
- In 2025, Avino strategically acquired the La Preciosa royalties for $13.25 million, with an additional $8.75 million deferred obligation due in Q3 2026. This acquisition secured 100% ownership of La Preciosa and strengthened its cost profile.
Capital Expenditures
- Capital expenditures in 2025 totaled $26.7 million, including the $13.25 million acquisition of La Preciosa royalties. Excluding this acquisition, capital expenditures were within the guided range of $13 million to $18 million.
- Capital expenditures for 2024 were $6.6 million.
- For 2025, budgeted growth capital was allocated to the Avino Mine and La Preciosa, focusing on underground mining equipment, mine development, surface works, deeper mine development at Avino, and mill/processing upgrades. Additionally, exploration expenditures were budgeted between $1 million and $2 million.
- For 2026, budgeted growth capital includes expenditures at the Avino Mine and La Preciosa, with a planned 30,000-meter drilling program split between both properties and investments in mill equipment.
Peer Outperformance in Precious Metals & Minerals
ASM has outperformed 100% of its 7 Precious Metals & Minerals peers over 5Y. Precious Metals & Minerals ranks 13th of 15 industries in Materials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Precious Metals & Minerals constituents that ASM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
78%
of 9 industry peers · 48.5% return
3Y
100%
of 9 industry peers · 912.5% return
5Y
100%
of 7 industry peers · 598.6% return
No Precious Metals & Minerals peer with a comparable growth profile has beaten ASM by more than 20pp over 5Y.
Median price return by industry across the Materials sector, ranked by 5Y. Precious Metals & Minerals is ASM's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 73.5% | 86.3% | 292.5% | COPR 1050% · TGB 338% · HBM 335% |
| Steel | 13 | 27.6% | 45.6% | 163.1% | HCC 344% · NWPX 323% · AMR 322% |
| Silver | 6 | 106.1% | 332.7% | 149.9% | AYA 258% · HL 228% · SVM 182% |
| Gold | 34 | 28.2% | 196.7% | 148.9% | IAG 755% · CNL 485% · KGC 445% |
| Aluminum | 3 | 68.8% | 117.1% | 61.8% | CENX 246% · KALU 62% · AA 6% |
| Construction Materials | 7 | -20.5% | 19.6% | 49.7% | USLM 352% · CRH 82% · SMID 54% |
| Diversified Metals & Mining | 23 | -13.3% | 1.6% | 18.8% | ATLX 216329% · USAR 52115% · TII 699% |
| Metal, Glass & Plastic Containers | 10 | -6.3% | 10.6% | 5.6% | KRT 167% · MYE 67% · GEF 49% |
| Paper & Plastic Packaging Products & Materials | 7 | 4.5% | 4.7% | -11.8% | PKG 82% · CCK 13% · SON -7% |
| Specialty Chemicals | 41 | 7.4% | -4.2% | -13.0% | ODC 461% · NEU 202% · CMT 91% |
| Commodity Chemicals | 12 | 18.6% | -14.4% | -23.8% | HWKN 275% · MEOH 76% · LXU 72% |
| Diversified Chemicals | 4 | -2.5% | -28.5% | -28.8% | CBT 78% · ASH -15% · CC -43% |
| Precious Metals & Minerals ← | 8 | 38.9% | 181.8% | -31.3% | ASM 599% · PPTA 390% · MTA 37% |
| Fertilizers & Agricultural Chemicals | 10 | -5.6% | -5.7% | -31.7% | CF 220% · CTVA 110% · NTR 53% |
| Paper Products | 3 | -20.3% | -51.3% | -96.0% | CLW -39% · MERC -96% · ITP -96% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Avino Silver & Gold Mines Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
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|---|---|
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.67 |
| Mkt Cap | 11.5 |
| Rev LTM | 1,626 |
| Op Inc LTM | 739 |
| FCF LTM | 614 |
| FCF 3Y Avg | 222 |
| CFO LTM | 826 |
| CFO 3Y Avg | 388 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 86.5% |
| Rev Chg 3Y Avg | 44.4% |
| Rev Chg Q | 54.5% |
| QoQ Delta Rev Chg LTM | 8.9% |
| Op Inc Chg LTM | 218.1% |
| Op Inc Chg 3Y Avg | 356.1% |
| Op Mgn LTM | 40.7% |
| Op Mgn 3Y Avg | 22.7% |
| QoQ Delta Op Mgn LTM | 2.0% |
| CFO/Rev LTM | 45.8% |
| CFO/Rev 3Y Avg | 30.0% |
| FCF/Rev LTM | 30.2% |
| FCF/Rev 3Y Avg | 9.9% |
Price Behavior
Price Behavior
| Market Price | $6.49 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 11/21/2005 | |
| Distance from 52W High | -42.3% | |
| 50 Days | 200 Days | |
| DMA Price | $6.52 | $6.96 |
| DMA Trend | up | up |
| Distance from DMA | -0.5% | -6.7% |
| 3M | 1YR | |
| Volatility | 73.9% | 85.4% |
| Downside Capture | 267.16 | 382.50 |
| Upside Capture | 237.46 | 363.18 |
| Correlation (SPY) | 51.5% | 50.2% |
ASM Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.28 | 3.42 | 3.64 | 3.50 | 3.23 | 1.74 |
| Up Beta | 2.24 | 3.17 | 2.98 | 2.99 | 2.52 | 1.61 |
| Down Beta | 6.94 | 6.35 | 5.29 | 3.72 | 2.93 | 1.83 |
| Up Capture | 409% | 345% | 402% | 497% | 1440% | 2089% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 13 | 22 | 33 | 61 | 121 | 368 |
| Down Capture | -217% | 231% | 272% | 264% | 187% | 109% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 8 | 20 | 31 | 66 | 130 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 59.4% | 85.4% | 0.92 | - |
| Sector ETF (XLB) | 14.0% | 17.9% | 0.58 | 51.2% |
| Equity (SPY) | 18.3% | 12.8% | 1.03 | 49.3% |
| Gold (GLD) | 19.0% | 29.2% | 0.59 | 71.1% |
| Commodities (DBC) | 48.3% | 20.6% | 1.80 | 7.2% |
| Real Estate (VNQ) | 7.6% | 13.6% | 0.29 | 14.0% |
| Bitcoin (BTCUSD) | -32.4% | 43.8% | -0.77 | 34.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 42.2% | 67.0% | 0.80 | - |
| Sector ETF (XLB) | 5.5% | 19.1% | 0.18 | 38.7% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 32.0% |
| Gold (GLD) | 18.7% | 18.8% | 0.81 | 59.1% |
| Commodities (DBC) | 11.4% | 19.5% | 0.46 | 24.6% |
| Real Estate (VNQ) | 0.7% | 18.9% | -0.07 | 21.6% |
| Bitcoin (BTCUSD) | 9.4% | 52.6% | 0.36 | 21.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 11.2% | 69.8% | 0.45 | - |
| Sector ETF (XLB) | 9.8% | 20.7% | 0.42 | 30.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 26.4% |
| Gold (GLD) | 12.3% | 16.3% | 0.62 | 52.0% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 22.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 21.2% |
| Bitcoin (BTCUSD) | 63.2% | 66.2% | 1.03 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 6-K |
| 03/31/2026 | 05/13/2026 | 6-K |
| 12/31/2025 | 03/27/2026 | 40-F |
| 09/30/2025 | 11/06/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 03/12/2025 | 40-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 03/29/2024 | 40-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/11/2023 | 6-K |
| 03/31/2023 | 05/23/2023 | 6-K |
| 12/31/2022 | 04/03/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 6-K |
| 03/31/2026 | 05/13/2026 | 6-K |
| 12/31/2025 | 03/27/2026 | 40-F |
| 09/30/2025 | 11/06/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 03/12/2025 | 40-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 03/29/2024 | 40-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/11/2023 | 6-K |
| 03/31/2023 | 05/23/2023 | 6-K |
| 12/31/2022 | 04/03/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 08/11/2022 | 6-K |
| 03/31/2022 | 05/12/2022 | 6-K |
| 12/31/2021 | 03/31/2022 | 20-F |
| 09/30/2021 | 11/12/2021 | 6-K |
| 06/30/2021 | 08/11/2021 | 6-K |
| 03/31/2021 | 05/13/2021 | 6-K |
| 12/31/2020 | 03/18/2021 | 20-F |
| 09/30/2020 | 11/10/2020 | 6-K |
| 06/30/2020 | 08/12/2020 | 6-K |
| 03/31/2020 | 05/07/2020 | 6-K |
| 12/31/2019 | 03/25/2020 | 20-F |
| 09/30/2019 | 11/07/2019 | 6-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/13/2026