Is Buenaventura Mining (BVN) Stock Outpacing Its Basic Materials Peers 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. Has Buenaventura (BVN) been one of those stocks this year? 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.Buenaventura is one of 232 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.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. Buenaventura is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for BVN's full-year earnings has moved 19% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that BVN has returned about 13.7% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 9.4%. This shows that Buenaventura is outperforming its peers so far this year.Another stock in the Basic Materials sector, Gold Fields (GFI), has outperformed the sector so far this year. The stock's year-to-date return is 45.5%.The consensus estimate for Gold Fields' current year EPS has increased 2.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Buenaventura belongs to the Mining - Silver industry, a group that includes 9 individual companies and currently sits at #44 in the Zacks Industry Rank. Stocks in this group have gained about 18.6% so far this year, so BVN is slightly underperforming its industry this group in terms of year-to-date returns.Gold Fields, however, belongs to the Mining - Gold industry. Currently, this 40-stock industry is ranked #60. The industry has moved +25.6% so far this year.Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Buenaventura and Gold Fields as they could maintain their solid performance.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them 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 Buenaventura Mining Company Inc. (BVN): Free Stock Analysis Report Gold Fields Limited (GFI): 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