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 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? 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.
Alamos Gold is one of 232 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 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. Alamos Gold is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGI's full-year earnings has moved 15% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AGI has moved about 25.4% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 6.8%. This means that Alamos Gold is performing better than its sector in terms of year-to-date returns.
Another Basic Materials stock, which has outperformed the sector so far this year, is DRDGOLD (DRD - Free Report) . The stock has returned 31.8% year-to-date.
For DRDGOLD, the consensus EPS estimate for the current year has increased 41.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Alamos Gold is a member of the Mining - Gold industry, which includes 40 individual companies and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 19.9% so far this year, so AGI is performing better in this area. DRDGOLD is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Alamos Gold and DRDGOLD as they could maintain 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 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? 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.
Alamos Gold is one of 232 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 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. Alamos Gold is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGI's full-year earnings has moved 15% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AGI has moved about 25.4% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 6.8%. This means that Alamos Gold is performing better than its sector in terms of year-to-date returns.
Another Basic Materials stock, which has outperformed the sector so far this year, is DRDGOLD (DRD - Free Report) . The stock has returned 31.8% year-to-date.
For DRDGOLD, the consensus EPS estimate for the current year has increased 41.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Alamos Gold is a member of the Mining - Gold industry, which includes 40 individual companies and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 19.9% so far this year, so AGI is performing better in this area. DRDGOLD is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Alamos Gold and DRDGOLD as they could maintain their solid performance.