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 Gold Fields Limited (GFI) 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. Gold Fields (GFI - 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.
Gold Fields is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Gold Fields is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GFI's full-year earnings has moved 9.4% 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, GFI has gained about 184.9% so far this year. Meanwhile, the Basic Materials sector has returned an average of 20% on a year-to-date basis. This shows that Gold Fields is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is MP Materials Corp. (MP - Free Report) . The stock has returned 307.1% year-to-date.
For MP Materials Corp., the consensus EPS estimate for the current year has increased 31.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Gold Fields belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 101.6% so far this year, meaning that GFI is performing better in terms of year-to-date returns.
MP Materials Corp., however, belongs to the Mining - Miscellaneous industry. Currently, this 63-stock industry is ranked #153. The industry has moved +21.5% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Gold Fields and MP Materials Corp. 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 Gold Fields Limited (GFI) This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Gold Fields (GFI - 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.
Gold Fields is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Gold Fields is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GFI's full-year earnings has moved 9.4% 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, GFI has gained about 184.9% so far this year. Meanwhile, the Basic Materials sector has returned an average of 20% on a year-to-date basis. This shows that Gold Fields is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is MP Materials Corp. (MP - Free Report) . The stock has returned 307.1% year-to-date.
For MP Materials Corp., the consensus EPS estimate for the current year has increased 31.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Gold Fields belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 101.6% so far this year, meaning that GFI is performing better in terms of year-to-date returns.
MP Materials Corp., however, belongs to the Mining - Miscellaneous industry. Currently, this 63-stock industry is ranked #153. The industry has moved +21.5% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Gold Fields and MP Materials Corp. as they could maintain their solid performance.