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 Taseko Mines Limited (TGB) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Taseko Mines (TGB - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Taseko Mines is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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. Taseko Mines is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TGB's full-year earnings has moved 28.6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TGB has moved about 108.8% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of 27.1% on a year-to-date basis. This means that Taseko Mines is performing better than its sector in terms of year-to-date returns.
Another stock in the Basic Materials sector, NioCorp Developments Ltd. (NB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 435.5%.
In NioCorp Developments Ltd.'s case, the consensus EPS estimate for the current year increased 24.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Taseko Mines is a member of the Mining - Miscellaneous industry, which includes 69 individual companies and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 34.6% so far this year, meaning that TGB is performing better in terms of year-to-date returns. NioCorp Developments Ltd. is also part of the same industry.
Taseko Mines and NioCorp Developments Ltd. could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Taseko Mines Limited (TGB) Stock Outpacing Its Basic Materials Peers 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. Has Taseko Mines (TGB - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Taseko Mines is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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. Taseko Mines is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TGB's full-year earnings has moved 28.6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TGB has moved about 108.8% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of 27.1% on a year-to-date basis. This means that Taseko Mines is performing better than its sector in terms of year-to-date returns.
Another stock in the Basic Materials sector, NioCorp Developments Ltd. (NB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 435.5%.
In NioCorp Developments Ltd.'s case, the consensus EPS estimate for the current year increased 24.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Taseko Mines is a member of the Mining - Miscellaneous industry, which includes 69 individual companies and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 34.6% so far this year, meaning that TGB is performing better in terms of year-to-date returns. NioCorp Developments Ltd. is also part of the same industry.
Taseko Mines and NioCorp Developments Ltd. could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.