Is Metals Acquisition Ltd (MTAL) Stock Outpacing Its Basic Materials Peers This Year?

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Metals Acquisition Ltd (MTAL) one of those stocks right now? 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.Metals Acquisition Ltd is a member of our Basic Materials group, which includes 233 different companies and currently sits at #13 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 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. Metals Acquisition Ltd is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for MTAL's full-year earnings has moved 94.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, MTAL has returned 2.6% so far this year. In comparison, Basic Materials companies have returned an average of -2.5%. As we can see, Metals Acquisition Ltd is performing better than its sector in the calendar year.Another stock in the Basic Materials sector, Rayonier Advanced Materials (RYAM), has outperformed the sector so far this year. The stock's year-to-date return is 115.3%.For Rayonier Advanced Materials, the consensus EPS estimate for the current year has increased 77.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Metals Acquisition Ltd is a member of the Mining - Non Ferrous industry, which includes 12 individual companies and currently sits at #52 in the Zacks Industry Rank. This group has gained an average of 9.8% so far this year, so MTAL is slightly underperforming its industry in this area.On the other hand, Rayonier Advanced Materials belongs to the Paper and Related Products industry. This 11-stock industry is currently ranked #162. The industry has moved +43.2% year to date.Metals Acquisition Ltd and Rayonier Advanced Materials could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.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 Metals Acquisition Ltd (MTAL): Free Stock Analysis Report Rayonier Advanced Materials Inc. (RYAM): 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