Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Avino Silver (ASM) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Avino Silver is one of 232 companies in the Basic Materials group. The Basic Materials group currently sits at #13 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Avino Silver is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ASM's full-year earnings has moved 100% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ASM has returned 308.6% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 10.5% on average. This means that Avino Silver is outperforming the sector as a whole this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Newmont Corporation (NEM). The stock has returned 59% year-to-date.
For Newmont Corporation, the consensus EPS estimate for the current year has increased 35.8% over the past three months. 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 #23 in the Zacks Industry Rank. Stocks in this group have gained about 35.6% so far this year, so ASM is performing better this group in terms of year-to-date returns.
In contrast, Newmont Corporation falls under the Mining - Gold industry. Currently, this industry has 39 stocks and is ranked #46. Since the beginning of the year, the industry has moved +55%.
Investors interested in the Basic Materials sector may want to keep a close eye on Avino Silver and Newmont Corporation as they attempt to continue their solid performance.
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Avino Silver (ASM): Free Stock Analysis Report Newmont Corporation (NEM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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