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 Fresnillo (FNLPF) 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. Fresnillo PLC (FNLPF - 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.
Fresnillo PLC is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Fresnillo PLC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FNLPF's full-year earnings has moved 50.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, FNLPF has moved about 372.3% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 24.4%. As we can see, Fresnillo PLC is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is New Pacific Metals Corp. (NEWP - Free Report) . The stock is up 162.7% year-to-date.
In New Pacific Metals Corp.'s case, the consensus EPS estimate for the current year increased 20% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #15 in the Zacks Industry Rank. Stocks in this group have gained about 159.5% so far this year, so FNLPF is performing better this group in terms of year-to-date returns.
On the other hand, New Pacific Metals Corp. belongs to the Mining - Miscellaneous industry. This 69-stock industry is currently ranked #99. The industry has moved +31.5% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and New Pacific Metals Corp.. 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
Are Basic Materials Stocks Lagging Fresnillo (FNLPF) This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Fresnillo PLC (FNLPF - 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.
Fresnillo PLC is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Fresnillo PLC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FNLPF's full-year earnings has moved 50.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, FNLPF has moved about 372.3% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 24.4%. As we can see, Fresnillo PLC is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is New Pacific Metals Corp. (NEWP - Free Report) . The stock is up 162.7% year-to-date.
In New Pacific Metals Corp.'s case, the consensus EPS estimate for the current year increased 20% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #15 in the Zacks Industry Rank. Stocks in this group have gained about 159.5% so far this year, so FNLPF is performing better this group in terms of year-to-date returns.
On the other hand, New Pacific Metals Corp. belongs to the Mining - Miscellaneous industry. This 69-stock industry is currently ranked #99. The industry has moved +31.5% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and New Pacific Metals Corp.. These stocks will be looking to continue their solid performance.