First Majestic Silver Corp. (AG Quick QuoteAG - Free Report) 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 AG’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 First Majestic could be a solid choice for investors.

Current Quarter Estimates for AG

In the past 30 days, 2 estimates have gone higher for First Majestic, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 2 cents a share 30 days ago, to earnings of 4 cents today, a significant move.

Current Year Estimates for AG

Meanwhile, First Majestic’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 3 cents per share 30 days ago to earnings of 12 cents per share today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 17.3% 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 #2 (Buy) stock to profit in the near future.

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