We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Silvercorp Metals (SVM) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
Investors focused on the Basic Materials space have likely heard of Silvercorp Metals (SVM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SVM and the rest of the Basic Materials group's stocks.
Silvercorp Metals is one of 235 individual stocks in the Basic Materials sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SVM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SVM's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SVM has returned 3.35% so far this year. At the same time, Basic Materials stocks have gained an average of 12.45%. This means that Silvercorp Metals is outperforming the sector as a whole this year.
Looking more specifically, SVM belongs to the Mining - Miscellaneous industry, which includes 42 individual stocks and currently sits at #205 in the Zacks Industry Rank. This group has gained an average of 14.08% so far this year, so SVM is slightly underperforming its industry in this area.
SVM 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Silvercorp Metals (SVM) Stock Outpacing Its Basic Materials Peers This Year?
Investors focused on the Basic Materials space have likely heard of Silvercorp Metals (SVM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SVM and the rest of the Basic Materials group's stocks.
Silvercorp Metals is one of 235 individual stocks in the Basic Materials sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SVM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SVM's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SVM has returned 3.35% so far this year. At the same time, Basic Materials stocks have gained an average of 12.45%. This means that Silvercorp Metals is outperforming the sector as a whole this year.
Looking more specifically, SVM belongs to the Mining - Miscellaneous industry, which includes 42 individual stocks and currently sits at #205 in the Zacks Industry Rank. This group has gained an average of 14.08% so far this year, so SVM is slightly underperforming its industry in this area.
SVM 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.