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. Is Fresnillo PLC (FNLPF) 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.Fresnillo PLC is a member of our Basic Materials group, which includes 240 different companies and currently sits at #7 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 #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for FNLPF's full-year earnings has moved 54.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.According to our latest data, FNLPF has moved about 266.8% on a year-to-date basis. At the same time, Basic Materials stocks have gained an average of 17.2%. This means that Fresnillo PLC is outperforming the sector as a whole this year.Perpetua Resources Corp. (PPTA) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 95.4%.In Perpetua Resources Corp.'s case, the consensus EPS estimate for the current year increased 39.5% 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 #4 in the Zacks Industry Rank. On average, stocks in this group have gained 93.9% this year, meaning that FNLPF is performing better in terms of year-to-date returns. Perpetua Resources Corp., however, belongs to the Mining - Miscellaneous industry. Currently, this 69-stock industry is ranked #76. The industry has moved +23.5% so far this year.Investors with an interest in Basic Materials stocks should continue to track Fresnillo PLC and Perpetua Resources Corp.. These stocks will be looking to continue their solid performance.Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>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 Perpetua Resources Corp. (PPTA): 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