Has Orla Mining (ORLA) Outpaced 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. Has Orla Mining Ltd. (ORLA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Orla Mining Ltd. is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #10. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Orla Mining Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for ORLA's full-year earnings has moved 27.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that ORLA has returned about 2.5% since the start of the calendar year. At the same time, Basic Materials stocks have lost an average of 9.8%. This means that Orla Mining Ltd. is performing better than its sector in terms of year-to-date returns.Carpenter Technology (CRS) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.6%.For Carpenter Technology, the consensus EPS estimate for the current year has increased 2.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Orla Mining Ltd. belongs to the Mining - Gold industry, a group that includes 40 individual stocks and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have gained 14.5% this year, meaning that ORLA is slightly underperforming its industry in terms of year-to-date returns.In contrast, Carpenter Technology falls under the Steel - Speciality industry. Currently, this industry has 5 stocks and is ranked #12. Since the beginning of the year, the industry has moved +52%.Investors interested in the Basic Materials sector may want to keep a close eye on Orla Mining Ltd. and Carpenter Technology as they attempt to continue their solid performance.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.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 Orla Mining Ltd. (ORLA): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks