Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Avino Silver (ASM) 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? 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.
Avino Silver is one of 248 individual stocks in the Basic Materials sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Avino Silver is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASM's full-year earnings has moved 30.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ASM has returned 17.9% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 16.9% on average. As we can see, Avino Silver is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is LyondellBasell (LYB). The stock is up 53.9% year-to-date.
In LyondellBasell's case, the consensus EPS estimate for the current year increased 203.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Avino Silver belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #107 in the Zacks Industry Rank. On average, stocks in this group have gained 11.1% this year, meaning that ASM is performing better in terms of year-to-date returns.
In contrast, LyondellBasell falls under the Chemical - Diversified industry. Currently, this industry has 29 stocks and is ranked #107. Since the beginning of the year, the industry has moved +26.2%.
Investors interested in the Basic Materials sector may want to keep a close eye on Avino Silver and LyondellBasell as they attempt to continue their solid performance.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum 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
Avino Silver (ASM): Free Stock Analysis Report
LyondellBasell Industries N.V. (LYB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).