The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Buenaventura (BVN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Buenaventura is one of 242 companies in the Basic Materials group. The Basic Materials group currently sits at #14 within 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 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. Buenaventura is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BVN's full-year earnings has moved 22.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BVN has returned about 116.4% since the start of the calendar year. Meanwhile, stocks in the Basic Materials group have gained about 24.9% on average. As we can see, Buenaventura is performing better than its sector in the calendar year.
Intrepid Potash (IPI) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 32.2%.
The consensus estimate for Intrepid Potash's current year EPS has increased 122.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Buenaventura belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 103% this year, meaning that BVN is performing better in terms of year-to-date returns.
Intrepid Potash, however, belongs to the Fertilizers industry. Currently, this 6-stock industry is ranked #35. The industry has moved +24.8% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Buenaventura and Intrepid Potash as they could maintain their solid performance.
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Buenaventura Mining Company Inc. (BVN): Free Stock Analysis Report Intrepid Potash, Inc (IPI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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