Are Basic Materials Stocks Lagging Equinox Gold (EQX) This Year?

Company Performance - Equinox Gold (EQX) has shown a year-to-date performance increase of approximately 20%, significantly outperforming the average return of 1.4% for Basic Materials companies [4] - The Zacks Consensus Estimate for EQX's full-year earnings has increased by 12.9% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [3] Industry Context - Equinox Gold is part of the Mining - Gold industry, which consists of 38 individual stocks and currently ranks 48 in the Zacks Industry Rank [6] - The average return for stocks in the Mining - Gold industry this year is 27%, suggesting that EQX is slightly underperforming its industry peers [6] Sector Ranking - The Basic Materials sector, which includes Equinox Gold among 235 individual stocks, is ranked 14 in the Zacks Sector Rank [2] - Equinox Gold holds a Zacks Rank of 2 (Buy), indicating a favorable position among its peers [3][5]