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Silver Mining Stock Earnings Preview: SLW vs. PAAS

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It has been an amazing year for silver mining stocks. If we look to the silver mining ETF (SIL - Free Report) we see that the sector has gained about 160% in the past six months alone, easily trouncing a still-impressive 19% surge for the overall market in the same time period.

However, questions are starting to build about the segment, with many asking if the run is over thanks to some recent consolidation in the silver world, and a few more questions over the health of commodity markets in general. Well, two of the biggest silver miners trading on the market should help to give us some clues, so let’s take a quick look at these names ahead of their earnings reports this week…

Silver Wheaton

Silver Wheaton is first up, and this company has seen a surge this year much like the industry at large. Earnings estimates have begun to tick higher, but it has a very shaky track record in earnings season which doesn’t exactly inspire confidence heading into the report.

SILVER WHEATON Price, Consensus and EPS Surprise

SILVER WHEATON Price, Consensus and EPS Surprise | SILVER WHEATON Quote

Silver Wheaton reports after the bell on 8/10.

 

Pan American Silver Corp (PAAS - Free Report)

Pan American also has a shaky track record when it comes to beating earnings estimates, though it is at least coming off a recent earnings beat. Earnings estimates have been moving a bit higher here as well, giving the stock a Zacks Rank #1 (strong buy), which more than makes up for its sluggish rating on the fundamental side.

PAN AMER SILVER Price, Consensus and EPS Surprise

PAN AMER SILVER Price, Consensus and EPS Surprise | PAN AMER SILVER Quote

Pan American reports after the bell on 8/11.

 

For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, listen to the podcast below:


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