Is Aris Mining Corporation (ARMN) Outperforming Other Basic Materials Stocks This Year?

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Aris Mining Corporation (ARMN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.Aris Mining Corporation is a member of our Basic Materials group, which includes 238 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Aris Mining Corporation is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for ARMN's full-year earnings has moved 26.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the latest available data, ARMN has gained about 101.4% so far this year. In comparison, Basic Materials companies have returned an average of 13.7%. This means that Aris Mining Corporation is outperforming the sector as a whole this year.Avino Silver (ASM) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 379%.For Avino Silver, the consensus EPS estimate for the current year has increased 130.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Aris Mining Corporation belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, this group has gained an average of 53% so far this year, meaning that ARMN is performing better in terms of year-to-date returns. On the other hand, Avino Silver belongs to the Mining - Silver industry. This 10-stock industry is currently ranked #11. The industry has moved +42.8% year to date.Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Aris Mining Corporation and Avino Silver as they could maintain their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Aris Mining Corporation (ARMN): Free Stock Analysis Report Avino Silver (ASM): 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