Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Aris Mining Corporation (ARMN) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Aris Mining Corporation is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Aris Mining Corporation is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ARMN's full-year earnings has moved 11.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ARMN has moved about 94.6% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have gained about 14.7% on average. This means that Aris Mining Corporation is performing better than its sector in terms of year-to-date returns.
Another Basic Materials stock, which has outperformed the sector so far this year, is Avino Silver (ASM). The stock has returned 331.3% year-to-date.
For Avino Silver, the consensus EPS estimate for the current year has increased 30.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aris Mining Corporation belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #49 in the Zacks Industry Rank. This group has gained an average of 70.8% so far this year, so ARMN is performing better in this area.
In contrast, Avino Silver falls under the Mining - Silver industry. Currently, this industry has 10 stocks and is ranked #11. Since the beginning of the year, the industry has moved +50.1%.
Aris Mining Corporation and Avino Silver could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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Aris Mining Corporation (ARMN): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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