We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 AngloGold Ashanti PLC (AU) This Year?
Read MoreHide Full Article
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AngloGold Ashanti (AU - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
AngloGold Ashanti is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. AngloGold Ashanti is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AU's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AU has returned 9.1% so far this year. At the same time, Basic Materials stocks have lost an average of 11.5%. This means that AngloGold Ashanti is performing better than its sector in terms of year-to-date returns.
Nouveau Monde Graphite Inc. (NMG - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 37.1%.
In Nouveau Monde Graphite Inc.'s case, the consensus EPS estimate for the current year increased 9.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, AngloGold Ashanti belongs to the Mining - Gold industry, which includes 40 individual stocks and currently sits at #136 in the Zacks Industry Rank. On average, stocks in this group have gained 12.9% this year, meaning that AU is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Nouveau Monde Graphite Inc. falls under the Mining - Miscellaneous industry. Currently, this industry has 60 stocks and is ranked #142. Since the beginning of the year, the industry has moved -21.8%.
Investors with an interest in Basic Materials stocks should continue to track AngloGold Ashanti and Nouveau Monde Graphite Inc. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Basic Materials Stocks Lagging AngloGold Ashanti PLC (AU) This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AngloGold Ashanti (AU - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
AngloGold Ashanti is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. AngloGold Ashanti is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AU's full-year earnings has moved 11.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AU has returned 9.1% so far this year. At the same time, Basic Materials stocks have lost an average of 11.5%. This means that AngloGold Ashanti is performing better than its sector in terms of year-to-date returns.
Nouveau Monde Graphite Inc. (NMG - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 37.1%.
In Nouveau Monde Graphite Inc.'s case, the consensus EPS estimate for the current year increased 9.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, AngloGold Ashanti belongs to the Mining - Gold industry, which includes 40 individual stocks and currently sits at #136 in the Zacks Industry Rank. On average, stocks in this group have gained 12.9% this year, meaning that AU is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Nouveau Monde Graphite Inc. falls under the Mining - Miscellaneous industry. Currently, this industry has 60 stocks and is ranked #142. Since the beginning of the year, the industry has moved -21.8%.
Investors with an interest in Basic Materials stocks should continue to track AngloGold Ashanti and Nouveau Monde Graphite Inc. These stocks will be looking to continue their solid performance.