ASM vs PAAS

For growth investors, Avino Silver & Gold Mines Ltd.

(ASM) is the stronger pick with 30. 9% revenue growth year-over-year, versus 30. 6% for Pan American Silver Corp. (PAAS). Pan American Silver Corp. (PAAS) offers the better valuation at 22. 1x trailing P/E (12. 4x forward), making it the more compelling value choice. Analysts rate Avino Silver & Gold Mines Ltd. (ASM) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Pan American Silver Corp.

(PAAS) is the cheapest at 22. 1x versus Avino Silver & Gold Mines Ltd. at 40. 4x. On forward P/E, Pan American Silver Corp. is actually cheaper at 12. 4x.

Over the past 5 years, Avino Silver & Gold Mines Ltd.

(ASM) delivered a total return of +390. 0%, compared to +71. 4% for Pan American Silver Corp. (PAAS). Over 10 years, the gap is even starker: ASM returned +435. 9% versus PAAS's +326. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Pan American Silver Corp.

(PAAS) is the lower-risk stock at 0. 74β versus Avino Silver & Gold Mines Ltd. 's 2. 05β — meaning ASM is approximately 178% more volatile than PAAS relative to the S&P 500. On balance sheet safety, Avino Silver & Gold Mines Ltd. (ASM) carries a lower debt/equity ratio of 3% versus 13% for Pan American Silver Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Avino Silver & Gold Mines Ltd.

(ASM) is pulling ahead at 30. 9% versus 30. 6% for Pan American Silver Corp. (PAAS). On earnings-per-share growth, the picture is similar: Pan American Silver Corp. grew EPS 741. 9% year-over-year, compared to 183. 3% for Avino Silver & Gold Mines Ltd.. Over a 3-year CAGR, PAAS leads at 35. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Avino Silver & Gold Mines Ltd.

(ASM) is the more profitable company, earning 31. 3% net margin versus 27. 0% for Pan American Silver Corp. — meaning it keeps 31. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ASM leads at 33. 9% versus 32. 3% for PAAS. At the gross margin level — before operating expenses — ASM leads at 48. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Pan American Silver Corp.

(PAAS) trades at 12. 4x forward P/E versus 19. 2x for Avino Silver & Gold Mines Ltd. — 6. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ASM: 57. 9% to $10. 83.

In this comparison, PAAS (0.

8% yield) pays a dividend. ASM does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Pan American Silver Corp.

(PAAS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 0. 8% yield, +326. 1% 10Y return). Avino Silver & Gold Mines Ltd. (ASM) carries a higher beta of 2. 05 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PAAS: +326. 1%, ASM: +435. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

PAAS pays a dividend while ASM does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.