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.
Are Basic Materials Stocks Lagging Alamos Gold (AGI) This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alamos Gold (AGI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alamos Gold is one of 236 companies in the Basic Materials group. The Basic Materials group currently sits at #14 within 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alamos Gold is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AGI's full-year earnings has moved 28.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AGI has returned 27.3% so far this year. At the same time, Basic Materials stocks have gained an average of 3.4%. This means that Alamos Gold is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is ArcelorMittal (MT - Free Report) . The stock is up 7.9% year-to-date.
The consensus estimate for ArcelorMittal's current year EPS has increased 45.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Alamos Gold belongs to the Mining - Gold industry, a group that includes 37 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 20.3% this year, meaning that AGI is performing better in terms of year-to-date returns.
In contrast, ArcelorMittal falls under the Steel - Producers industry. Currently, this industry has 24 stocks and is ranked #25. Since the beginning of the year, the industry has moved +16.3%.
Alamos Gold and ArcelorMittal could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Basic Materials Stocks Lagging Alamos Gold (AGI) This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alamos Gold (AGI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alamos Gold is one of 236 companies in the Basic Materials group. The Basic Materials group currently sits at #14 within 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alamos Gold is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AGI's full-year earnings has moved 28.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AGI has returned 27.3% so far this year. At the same time, Basic Materials stocks have gained an average of 3.4%. This means that Alamos Gold is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is ArcelorMittal (MT - Free Report) . The stock is up 7.9% year-to-date.
The consensus estimate for ArcelorMittal's current year EPS has increased 45.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Alamos Gold belongs to the Mining - Gold industry, a group that includes 37 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 20.3% this year, meaning that AGI is performing better in terms of year-to-date returns.
In contrast, ArcelorMittal falls under the Steel - Producers industry. Currently, this industry has 24 stocks and is ranked #25. Since the beginning of the year, the industry has moved +16.3%.
Alamos Gold and ArcelorMittal could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.