TSX:ASMMetals and Mining
Avino Silver & Gold Mines (TSX:ASM) Stock Rich Valuation Clouds Profit Surge
Avino Silver & Gold Mines walked into this earnings print with the stock already up 22.1% over the past month and a modest 9.1% gain in the last week. Expectations were heating up. The headline this quarter is simple. Profitability has been running hot with a trailing net margin of 32.7% and earnings growth over the last year that is very large. Yet the stock now trades on a P/E of 32.8x, which puts today’s price reaction under a harsh spotlight. Is emotion running ahead of the mining...