Pan American Silver Corp. ( PAAS ) is a silver mining company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PAAS's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Pan American Silver could be a solid choice for investors.Current Quarter Estimates for PAAS
In the past 30 days, 1 estimate has gone higher for Pan American Silver with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from breakeven level 30 days ago, to 2 cents a share today, a significant increase.Current Year Estimates for PAAS
Meanwhile, Pan American Silver's current year figures have seen 1 estimate moving higher in the past month, compared to 2 downward revisions. But the consensus estimate trend has seen a boost for this time frame, increasing from 16 cents per share 30 days ago to 19 cents per share today, an increase of 18.8%.Bottom Line
The stock has also started to move higher lately, adding 10.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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