Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Harmony Gold Mining Company (HMY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Harmony Gold Mining Company is a member of our Basic Materials group, which includes 236 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. HMY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HMY's full-year earnings has moved 101.15% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HMY has returned about 58.68% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 0.61%. This means that Harmony Gold Mining Company is outperforming the sector as a whole this year.
Looking more specifically, HMY belongs to the Mining - Gold industry, a group that includes 31 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 45.59% so far this year, meaning that HMY is performing better in terms of year-to-date returns.
HMY 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. Is Harmony Gold Mining Company (HMY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Harmony Gold Mining Company is a member of our Basic Materials group, which includes 236 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. HMY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HMY's full-year earnings has moved 101.15% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HMY has returned about 58.68% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 0.61%. This means that Harmony Gold Mining Company is outperforming the sector as a whole this year.
Looking more specifically, HMY belongs to the Mining - Gold industry, a group that includes 31 individual stocks and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 45.59% so far this year, meaning that HMY is performing better in terms of year-to-date returns.
HMY 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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