Despite posting some strong earnings, the market for Avino Silver & Gold Mines Ltd.’s (TSE:ASM) stock hasn’t moved much. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.
One essential aspect of assessing earnings quality is to look at how much a company is diluting shareholders. In fact, Avino Silver & Gold Mines increased the number of shares on issue by 11% over the last twelve months by issuing new shares. That means its earnings are split among a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. Check out Avino Silver & Gold Mines’ historical EPS…
