Is Iamgold (IAG) Stock Outpacing Its Basic Materials Peers This Year?

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Iamgold (IAG) 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? Let's take a closer look at the stock's year-to-date performance to find out.Iamgold is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Iamgold is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for IAG's full-year earnings has moved 19.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, IAG has moved about 33.7% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 12.2%. This means that Iamgold is performing better than its sector in terms of year-to-date returns.Another stock in the Basic Materials sector, Coeur Mining (CDE), has outperformed the sector so far this year. The stock's year-to-date return is 58.7%.The consensus estimate for Coeur Mining's current year EPS has increased 81.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Iamgold belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #13 in the Zacks Industry Rank. Stocks in this group have gained about 49.5% so far this year, so IAG is slightly underperforming its industry this group in terms of year-to-date returns. On the other hand, Coeur Mining belongs to the Mining - Non Ferrous industry. This 11-stock industry is currently ranked #39. The industry has moved +4.6% year to date.Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Iamgold and Coeur Mining as they could maintain their solid performance.One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks 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 Iamgold Corporation (IAG): Free Stock Analysis Report Coeur Mining, Inc. (CDE): 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