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Is Orla Mining (ORLA) Outperforming Other Basic Materials Stocks This Year?
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Orla Mining Ltd. (ORLA - Free Report) one of those stocks right now? 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.
Orla Mining Ltd. is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. Orla Mining Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ORLA's full-year earnings has moved 56.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ORLA has returned about 88.5% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 6.5%. As we can see, Orla Mining Ltd. is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, Royal Gold (RGLD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 37%.
For Royal Gold, the consensus EPS estimate for the current year has increased 14.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Orla Mining Ltd. is a member of the Mining - Gold industry, which includes 39 individual companies and currently sits at #13 in the Zacks Industry Rank. On average, this group has gained an average of 47.5% so far this year, meaning that ORLA is performing better in terms of year-to-date returns. Royal Gold is also part of the same industry.
Orla Mining Ltd. and Royal Gold could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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Is Orla Mining (ORLA) Outperforming Other Basic Materials Stocks 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. Is Orla Mining Ltd. (ORLA - Free Report) one of those stocks right now? 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.
Orla Mining Ltd. is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. Orla Mining Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ORLA's full-year earnings has moved 56.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ORLA has returned about 88.5% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 6.5%. As we can see, Orla Mining Ltd. is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, Royal Gold (RGLD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 37%.
For Royal Gold, the consensus EPS estimate for the current year has increased 14.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Orla Mining Ltd. is a member of the Mining - Gold industry, which includes 39 individual companies and currently sits at #13 in the Zacks Industry Rank. On average, this group has gained an average of 47.5% so far this year, meaning that ORLA is performing better in terms of year-to-date returns. Royal Gold is also part of the same industry.
Orla Mining Ltd. and Royal Gold could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.