Avino Silver & Gold: Super-Strong Momentum With Another Large Rally Coming?

  • Avino Silver has delivered exceptional 2025 returns, outperforming peers and major indices, aided by production growth, falling unit costs, rising selling prices, and zero net debt. ASM stock momentum remains quite bullish, and I see further upside potential, with a fair value target of $5–$6 per share under current operating conditions. If production targets are met and PM bullion prices rise further, ASM could be severely undervalued, with significant EPS growth and upside to $8–$10 possible over 12-18 months.