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 Triple Flag Precious Metals Corp. (TFPM) 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. Is Triple Flag Precious Metals (TFPM - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Triple Flag Precious Metals is one of 238 companies in the Basic Materials group. The Basic Materials group currently sits at #13 within the Zacks Sector Rank. 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 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. Triple Flag Precious Metals is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for TFPM's full-year earnings has moved 8.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TFPM has gained about 60.7% so far this year. In comparison, Basic Materials companies have returned an average of 13.9%. This means that Triple Flag Precious Metals is performing better than its sector in terms of year-to-date returns.
One other Basic Materials stock that has outperformed the sector so far this year is Coeur Mining (CDE - Free Report) . The stock is up 59.4% year-to-date.
For Coeur Mining, the consensus EPS estimate for the current year has increased 67.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Triple Flag Precious Metals is a member of the Mining - Gold industry, which includes 39 individual companies and currently sits at #43 in the Zacks Industry Rank. This group has gained an average of 55.9% so far this year, so TFPM is performing better in this area.
Coeur Mining, however, belongs to the Mining - Non Ferrous industry. Currently, this 11-stock industry is ranked #74. The industry has moved +11.1% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Triple Flag Precious Metals and Coeur Mining 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 Triple Flag Precious Metals Corp. (TFPM) 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. Is Triple Flag Precious Metals (TFPM - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Triple Flag Precious Metals is one of 238 companies in the Basic Materials group. The Basic Materials group currently sits at #13 within the Zacks Sector Rank. 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 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. Triple Flag Precious Metals is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for TFPM's full-year earnings has moved 8.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TFPM has gained about 60.7% so far this year. In comparison, Basic Materials companies have returned an average of 13.9%. This means that Triple Flag Precious Metals is performing better than its sector in terms of year-to-date returns.
One other Basic Materials stock that has outperformed the sector so far this year is Coeur Mining (CDE - Free Report) . The stock is up 59.4% year-to-date.
For Coeur Mining, the consensus EPS estimate for the current year has increased 67.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Triple Flag Precious Metals is a member of the Mining - Gold industry, which includes 39 individual companies and currently sits at #43 in the Zacks Industry Rank. This group has gained an average of 55.9% so far this year, so TFPM is performing better in this area.
Coeur Mining, however, belongs to the Mining - Non Ferrous industry. Currently, this 11-stock industry is ranked #74. The industry has moved +11.1% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Triple Flag Precious Metals and Coeur Mining as they could maintain their solid performance.