Back to top

Image: Bigstock

Is Kinross Gold (KGC) Stock Outpacing Its Basic Materials Peers This Year?

Read MoreHide Full Article

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kinross Gold (KGC - 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.

Kinross Gold is a member of the Basic Materials sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Kinross Gold is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for KGC's full-year earnings has moved 15.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, KGC has moved about 208.4% on a year-to-date basis. At the same time, Basic Materials stocks have gained an average of 29.9%. As we can see, Kinross Gold is performing better than its sector in the calendar year.

Another Basic Materials stock, which has outperformed the sector so far this year, is Hochschild Mining PLC (HCHDF - Free Report) . The stock has returned 150.2% year-to-date.

In Hochschild Mining PLC's case, the consensus EPS estimate for the current year increased 44% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Kinross Gold belongs to the Mining - Gold industry, which includes 41 individual stocks and currently sits at #39 in the Zacks Industry Rank. On average, this group has gained an average of 151.7% so far this year, meaning that KGC is performing better in terms of year-to-date returns.

Hochschild Mining PLC, however, belongs to the Mining - Silver industry. Currently, this 9-stock industry is ranked #20. The industry has moved +183.5% so far this year.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Kinross Gold and Hochschild Mining PLC as they could maintain their solid performance.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Kinross Gold Corporation (KGC) - free report >>

Hochschild Mining PLC (HCHDF) - free report >>

Published in