Coeur Mining, Inc. (CDE Quick QuoteCDE - Free Report) that operates as a primary silver and gold producer with precious metals mines in the Americas 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 CDE’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 Coeur Miningcould be a solid choice for investors.

Current Quarter Estimates for CDE

In the past 30 days, 1 estimate has gone higher for Coeur Miningwhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 11 cents today, a significant move.

Current Year Estimates for CDE

The consensus estimate trend has seen a boost for this time frame as well, increasing from 20 cents per share 30 days ago to 36 cents per share today, an increase of 80%.

Bottom Line

The stock has also started to move higher lately, adding 22.3% 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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