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.
Are Basic Materials Stocks Lagging Fresnillo (FNLPF) 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. Has Fresnillo PLC (FNLPF - Free Report) been one of those stocks this year? 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.
Fresnillo PLC is a member of our Basic Materials group, which includes 236 different companies and currently sits at #15 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Fresnillo PLC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FNLPF's full-year earnings has moved 48.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FNLPF has returned about 272.1% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 20.3%. As we can see, Fresnillo PLC is performing better than its sector in the calendar year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Materion (MTRN - Free Report) . The stock has returned 23.5% year-to-date.
The consensus estimate for Materion's current year EPS has increased 13.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 75.3% so far this year, so FNLPF is performing better this group in terms of year-to-date returns.
On the other hand, Materion belongs to the Mining - Miscellaneous industry. This 63-stock industry is currently ranked #155. The industry has moved +20.6% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and Materion. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Basic Materials Stocks Lagging Fresnillo (FNLPF) 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. Has Fresnillo PLC (FNLPF - Free Report) been one of those stocks this year? 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.
Fresnillo PLC is a member of our Basic Materials group, which includes 236 different companies and currently sits at #15 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Fresnillo PLC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FNLPF's full-year earnings has moved 48.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FNLPF has returned about 272.1% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 20.3%. As we can see, Fresnillo PLC is performing better than its sector in the calendar year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Materion (MTRN - Free Report) . The stock has returned 23.5% year-to-date.
The consensus estimate for Materion's current year EPS has increased 13.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Fresnillo PLC belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 75.3% so far this year, so FNLPF is performing better this group in terms of year-to-date returns.
On the other hand, Materion belongs to the Mining - Miscellaneous industry. This 63-stock industry is currently ranked #155. The industry has moved +20.6% year to date.
Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and Materion. These stocks will be looking to continue their solid performance.