Is Idaho Strategic Resources (IDR) Stock Outpacing Its Basic Materials Peers This Year?

Company Overview - Idaho Strategic Resources, Inc. (IDR) is part of the Basic Materials group, which consists of 236 companies and is currently ranked 16 in the Zacks Sector Rank [2] - The company is categorized under the Mining - Gold industry, which includes 37 stocks and is ranked 137 in the Zacks Industry Rank [6] Performance Metrics - IDR has shown a year-to-date performance increase of approximately 117.2%, significantly outperforming the average return of -5.2% for Basic Materials companies [4] - Over the past 90 days, the Zacks Consensus Estimate for IDR's full-year earnings has increased by 166.7%, indicating improved analyst sentiment and a stronger earnings outlook [4] Zacks Rank - Idaho Strategic Resources, Inc. currently holds a Zacks Rank of 2 (Buy), which suggests a favorable outlook for the stock in the near term [3] - The Zacks Rank system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks, which applies to IDR [3] Industry Comparison - In comparison to its industry peers, IDR is performing better, as the average gain for stocks in the Mining - Gold industry is 26.7% this year [6] - Another outperforming stock in the Basic Materials sector is Perimeter Solutions, SA (PRM), which has increased by 154.8% year-to-date [5]