Why Pan American Silver (PAAS) Could Be Positioned for a Surge
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 movement in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 1 penny a share 30 days ago, to breakeven today, a significant move.
Current Year Estimates for PAAS
Meanwhile, Pan American Silver’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward movement. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 4 cents per share 30 days ago to a loss of 2 cents per share today, an increase of 50%.
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 7.6% 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 #3 (Hold) stock to profit in the near future.
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PAN AMER SILVER (PAAS): Free Stock Analysis Report
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