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.
Is Equinox Gold (EQX) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Equinox Gold (EQX - 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.
Equinox Gold is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Equinox Gold is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for EQX's full-year earnings has moved 3.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EQX has gained about 35.5% so far this year. Meanwhile, the Basic Materials sector has returned an average of 4.7% on a year-to-date basis. This means that Equinox Gold is performing better than its sector in terms of year-to-date returns.
B2Gold (BTG - 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 29.1%.
Over the past three months, B2Gold's consensus EPS estimate for the current year has increased 8.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Equinox Gold belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 49.1% so far this year, so EQX is slightly underperforming its industry this group in terms of year-to-date returns. B2Gold is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Equinox Gold and B2Gold 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
Is Equinox Gold (EQX) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Equinox Gold (EQX - 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.
Equinox Gold is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Equinox Gold is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for EQX's full-year earnings has moved 3.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EQX has gained about 35.5% so far this year. Meanwhile, the Basic Materials sector has returned an average of 4.7% on a year-to-date basis. This means that Equinox Gold is performing better than its sector in terms of year-to-date returns.
B2Gold (BTG - 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 29.1%.
Over the past three months, B2Gold's consensus EPS estimate for the current year has increased 8.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Equinox Gold belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 49.1% so far this year, so EQX is slightly underperforming its industry this group in terms of year-to-date returns. B2Gold is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Equinox Gold and B2Gold as they could maintain their solid performance.