The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Avino Silver (ASM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Avino Silver is one of 236 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Avino Silver is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASM's full-year earnings has moved 42.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ASM has returned about 405.1% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 20.6%. As we can see, Avino Silver is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is Buenaventura (BVN). The stock is up 74.6% year-to-date.
Over the past three months, Buenaventura's consensus EPS estimate for the current year has increased 22.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Avino Silver belongs to the Mining - Silver industry, a group that includes 9 individual stocks and currently sits at #32 in the Zacks Industry Rank. On average, stocks in this group have gained 80.7% this year, meaning that ASM is performing better in terms of year-to-date returns. Buenaventura is also part of the same industry.
Investors interested in the Basic Materials sector may want to keep a close eye on Avino Silver and Buenaventura as they attempt to continue their solid performance.
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Avino Silver (ASM): Free Stock Analysis Report Buenaventura Mining Company Inc. (BVN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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