Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Pan American Silver (PAAS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PAAS and the rest of the Basic Materials group's stocks.
Pan American Silver is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PAAS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAAS's full-year earnings has moved 7.02% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PAAS has gained about 36.09% so far this year. Meanwhile, the Basic Materials sector has returned an average of 1.37% on a year-to-date basis. This means that Pan American Silver is outperforming the sector as a whole this year.
Breaking things down more, PAAS is a member of the Mining - Silver industry, which includes 11 individual companies and currently sits at #69 in the Zacks Industry Rank. On average, this group has gained an average of 15.92% so far this year, meaning that PAAS is performing better in terms of year-to-date returns.
PAAS will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Pan American Silver (PAAS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PAAS and the rest of the Basic Materials group's stocks.
Pan American Silver is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PAAS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAAS's full-year earnings has moved 7.02% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, PAAS has gained about 36.09% so far this year. Meanwhile, the Basic Materials sector has returned an average of 1.37% on a year-to-date basis. This means that Pan American Silver is outperforming the sector as a whole this year.
Breaking things down more, PAAS is a member of the Mining - Silver industry, which includes 11 individual companies and currently sits at #69 in the Zacks Industry Rank. On average, this group has gained an average of 15.92% so far this year, meaning that PAAS is performing better in terms of year-to-date returns.
PAAS will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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