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 Lundin Mining (LUNMF) Outperforming Other Basic Materials Stocks 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 Lundin Mining (LUNMF - Free Report) one of those stocks right now? 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.
Lundin Mining is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 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 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. Lundin Mining is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LUNMF's full-year earnings has moved 18.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that LUNMF has returned about 81.9% since the start of the calendar year. Meanwhile, stocks in the Basic Materials group have gained about 26.7% on average. This means that Lundin Mining is performing better than its sector in terms of year-to-date returns.
Another stock in the Basic Materials sector, Materion (MTRN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 35.8%.
The consensus estimate for Materion's current year EPS has increased 10% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Lundin Mining is a member of the Mining - Non Ferrous industry, which includes 10 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 30.3% this year, meaning that LUNMF is performing better in terms of year-to-date returns.
In contrast, Materion falls under the Mining - Miscellaneous industry. Currently, this industry has 69 stocks and is ranked #50. Since the beginning of the year, the industry has moved +31.7%.
Investors with an interest in Basic Materials stocks should continue to track Lundin Mining and Materion. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Lundin Mining (LUNMF) 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. Is Lundin Mining (LUNMF - Free Report) one of those stocks right now? 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.
Lundin Mining is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 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 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. Lundin Mining is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LUNMF's full-year earnings has moved 18.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that LUNMF has returned about 81.9% since the start of the calendar year. Meanwhile, stocks in the Basic Materials group have gained about 26.7% on average. This means that Lundin Mining is performing better than its sector in terms of year-to-date returns.
Another stock in the Basic Materials sector, Materion (MTRN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 35.8%.
The consensus estimate for Materion's current year EPS has increased 10% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Lundin Mining is a member of the Mining - Non Ferrous industry, which includes 10 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 30.3% this year, meaning that LUNMF is performing better in terms of year-to-date returns.
In contrast, Materion falls under the Mining - Miscellaneous industry. Currently, this industry has 69 stocks and is ranked #50. Since the beginning of the year, the industry has moved +31.7%.
Investors with an interest in Basic Materials stocks should continue to track Lundin Mining and Materion. These stocks will be looking to continue their solid performance.