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) 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). 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.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fresnillo PLC (FNLPF): Free Stock Analysis Report Materion Corporation (MTRN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks