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Is Avino Silver (ASM) Stock Outpacing Its Basic Materials Peers This Year?
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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Avino Silver (ASM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Avino Silver is a member of our Basic Materials group, which includes 238 different companies and currently sits at #16 in 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. Avino Silver is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ASM's full-year earnings has moved 42.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ASM has moved about 407.4% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 18.2%. This shows that Avino Silver is outperforming its peers so far this year.
Kinross Gold (KGC - 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 125.5%.
In Kinross Gold's case, the consensus EPS estimate for the current year increased 24.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Avino Silver belongs to the Mining - Silver industry, a group that includes 10 individual companies and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 61.3% so far this year, so ASM is performing better this group in terms of year-to-date returns.
Kinross Gold, however, belongs to the Mining - Gold industry. Currently, this 39-stock industry is ranked #96. The industry has moved +85.4% so far this year.
Investors with an interest in Basic Materials stocks should continue to track Avino Silver and Kinross Gold. These stocks will be looking to continue their solid performance.
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Is Avino Silver (ASM) Stock Outpacing Its Basic Materials Peers This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Avino Silver (ASM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Avino Silver is a member of our Basic Materials group, which includes 238 different companies and currently sits at #16 in 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. Avino Silver is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ASM's full-year earnings has moved 42.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ASM has moved about 407.4% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 18.2%. This shows that Avino Silver is outperforming its peers so far this year.
Kinross Gold (KGC - 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 125.5%.
In Kinross Gold's case, the consensus EPS estimate for the current year increased 24.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Avino Silver belongs to the Mining - Silver industry, a group that includes 10 individual companies and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 61.3% so far this year, so ASM is performing better this group in terms of year-to-date returns.
Kinross Gold, however, belongs to the Mining - Gold industry. Currently, this 39-stock industry is ranked #96. The industry has moved +85.4% so far this year.
Investors with an interest in Basic Materials stocks should continue to track Avino Silver and Kinross Gold. These stocks will be looking to continue their solid performance.