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Is Avino Silver (ASM) Outperforming Other Basic Materials Stocks This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Avino Silver (ASM - 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.
Avino Silver is a member of the Basic Materials sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. 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 33.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASM has moved about 506.1% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have gained about 25.4% on average. This means that Avino Silver is outperforming the sector as a whole this year.
Eldorado Gold Corporation (EGO - 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 93.4%.
In Eldorado Gold Corporation's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Avino Silver belongs to the Mining - Silver industry, a group that includes 9 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, this group has gained an average of 124.6% so far this year, meaning that ASM is performing better in terms of year-to-date returns.
In contrast, Eldorado Gold Corporation falls under the Mining - Gold industry. Currently, this industry has 42 stocks and is ranked #35. Since the beginning of the year, the industry has moved +124.7%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Avino Silver and Eldorado Gold Corporation as they could maintain their solid performance.
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Is Avino Silver (ASM) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Avino Silver (ASM - 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.
Avino Silver is a member of the Basic Materials sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. 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 33.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASM has moved about 506.1% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have gained about 25.4% on average. This means that Avino Silver is outperforming the sector as a whole this year.
Eldorado Gold Corporation (EGO - 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 93.4%.
In Eldorado Gold Corporation's case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Avino Silver belongs to the Mining - Silver industry, a group that includes 9 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, this group has gained an average of 124.6% so far this year, meaning that ASM is performing better in terms of year-to-date returns.
In contrast, Eldorado Gold Corporation falls under the Mining - Gold industry. Currently, this industry has 42 stocks and is ranked #35. Since the beginning of the year, the industry has moved +124.7%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Avino Silver and Eldorado Gold Corporation as they could maintain their solid performance.