On Thursday, Pan American Silver got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Pan American Silver is trading within the buy zone from a 24.33 entry from a double bottom.
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One weak spot is the company's 71 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 3,100% increase in earnings for Q3. That means it's now delivered two straight quarters of rising EPS gains. Top line growth rose 16%, up from 7% in the prior quarter. That marks one quarter of rising revenue gains. The company's next quarterly report is expected on or around Feb. 19.
Pan American Silver earns the No. 12 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Harmony Gold Mining ADR are among the top 5 highly-rated stocks within the group.
