The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Sibanye Gold 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 SBGL and the rest of the Basic Materials group's stocks.
Sibanye Gold is a member of the Basic Materials sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #16. 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. SBGL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SBGL's full-year earnings has moved 24.80% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, SBGL has moved about 2.72% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have lost about 1.35% on average. This means that Sibanye Gold is performing better than its sector in terms of year-to-date returns.
To break things down more, SBGL belongs to the Mining - Gold industry, a group that includes 34 individual companies and currently sits at #162 in the Zacks Industry Rank. This group has lost an average of 16.50% so far this year, so SBGL is performing better in this area.
Investors in the Basic Materials sector will want to keep a close eye on SBGL as it attempts to continue its solid performance.