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Can Pan American Silver (PAAS) Run Higher on Strong Earnings Estimate Revisions?

Pan American Silver Corp. PAAS is a 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 Silvercould be a solid choice for investors.

Current Quarter Estimates for PAAS

In the past 30 days, 3 estimates have gone higher for Pan American Silver, while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from breakeven 30 days ago, to 3 cents per share today, a significant move.

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Current Year Estimates for PAAS

Meanwhile, Pan American Silver’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 2 cents per share 30 days ago to earnings of 12 cents per share today, a significant increase.  

PAN AMER SILVER Price and Consensus

PAN AMER SILVER Price and Consensus | PAN AMER SILVER Quote

Bottom Line

The stock has also started to move higher lately, adding 19.6% 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 #1 (Strong Buy) stock to profit in the near future.

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PAN AMER SILVER (PAAS): Free Stock Analysis Report
 
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