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.
Is DRDGOLD Limited (DRD) Outperforming Other Basic Materials Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DRDGOLD (DRD - Free Report) one of those stocks right now? 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.
DRDGOLD is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #10. 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. DRDGOLD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRD's full-year earnings has moved 18.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DRD has returned about 18.2% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -7.5%. As we can see, DRDGOLD is performing better than its sector in the calendar year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Hecla Mining (HL - Free Report) . The stock has returned 11.6% year-to-date.
The consensus estimate for Hecla Mining's current year EPS has increased 27.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, DRDGOLD belongs to the Mining - Gold industry, a group that includes 40 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 18.8% so far this year, so DRD is slightly underperforming its industry in this area.
In contrast, Hecla Mining falls under the Mining - Silver industry. Currently, this industry has 9 stocks and is ranked #9. Since the beginning of the year, the industry has moved +27.8%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to DRDGOLD and Hecla Mining as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is DRDGOLD Limited (DRD) Outperforming Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DRDGOLD (DRD - Free Report) one of those stocks right now? 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.
DRDGOLD is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #10. 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. DRDGOLD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DRD's full-year earnings has moved 18.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DRD has returned about 18.2% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -7.5%. As we can see, DRDGOLD is performing better than its sector in the calendar year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Hecla Mining (HL - Free Report) . The stock has returned 11.6% year-to-date.
The consensus estimate for Hecla Mining's current year EPS has increased 27.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, DRDGOLD belongs to the Mining - Gold industry, a group that includes 40 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 18.8% so far this year, so DRD is slightly underperforming its industry in this area.
In contrast, Hecla Mining falls under the Mining - Silver industry. Currently, this industry has 9 stocks and is ranked #9. Since the beginning of the year, the industry has moved +27.8%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to DRDGOLD and Hecla Mining as they could maintain their solid performance.