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 Alamos Gold (AGI) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
Investors focused on the Basic Materials space have likely heard of Alamos Gold (AGI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AGI and the rest of the Basic Materials group's stocks.
Alamos Gold is one of 236 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 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. AGI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGI's full-year earnings has moved 25.71% 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 AGI has returned about 61.63% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of -4.82% on a year-to-date basis. This means that Alamos Gold is outperforming the sector as a whole this year.
Breaking things down more, AGI is a member of the Mining - Gold industry, which includes 31 individual companies and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have gained about 27.49% so far this year, so AGI is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to AGI as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Alamos Gold (AGI) Outpaced Other Basic Materials Stocks This Year?
Investors focused on the Basic Materials space have likely heard of Alamos Gold (AGI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AGI and the rest of the Basic Materials group's stocks.
Alamos Gold is one of 236 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 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. AGI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AGI's full-year earnings has moved 25.71% 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 AGI has returned about 61.63% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of -4.82% on a year-to-date basis. This means that Alamos Gold is outperforming the sector as a whole this year.
Breaking things down more, AGI is a member of the Mining - Gold industry, which includes 31 individual companies and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have gained about 27.49% so far this year, so AGI is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to AGI as it looks to continue its solid performance.