We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Has Royal Gold (RGLD) Outpaced Other Basic Materials Stocks 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. Royal Gold (RGLD - 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? One simple way to answer this question is to take a look at the year-to-date performance of RGLD and the rest of the Basic Materials group's stocks.
Royal Gold is one of 247 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 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. RGLD is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for RGLD's full-year earnings has moved 29.20% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that RGLD has returned about 45.72% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 10.18%. This means that Royal Gold is outperforming the sector as a whole this year.
Looking more specifically, RGLD belongs to the Mining - Gold industry, a group that includes 32 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 44.30% so far this year, so RGLD is performing better this group in terms of year-to-date returns.
RGLD will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Royal Gold (RGLD) Outpaced Other Basic Materials Stocks This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Royal Gold (RGLD - 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? One simple way to answer this question is to take a look at the year-to-date performance of RGLD and the rest of the Basic Materials group's stocks.
Royal Gold is one of 247 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 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. RGLD is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for RGLD's full-year earnings has moved 29.20% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that RGLD has returned about 45.72% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 10.18%. This means that Royal Gold is outperforming the sector as a whole this year.
Looking more specifically, RGLD belongs to the Mining - Gold industry, a group that includes 32 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 44.30% so far this year, so RGLD is performing better this group in terms of year-to-date returns.
RGLD will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.