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Is Metals Acquisition Ltd (MTAL) Outperforming Other Basic Materials Stocks This Year?
MTALMetals Acquisition (MTAL) ZACKS·2024-11-13 15:45

Group 1 - Metals Acquisition Ltd (MTAL) is part of the Basic Materials sector, which includes 235 individual stocks and currently holds a Zacks Sector Rank of 12 [2] - The Zacks Rank system indicates that MTAL has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] - Over the past 90 days, the Zacks Consensus Estimate for MTAL's full-year earnings has increased by 206.5%, indicating improved analyst sentiment [4] Group 2 - Year-to-date, MTAL has returned approximately 2.8%, outperforming the Basic Materials sector average return of -3.8% [4] - In the Mining - Non Ferrous industry, which includes 12 stocks, MTAL is ranked 59 and has slightly underperformed its industry with a year-to-date return [6] - Another stock in the Basic Materials sector, Silvercorp (SVM), has significantly outperformed with a year-to-date increase of 50.2% [5]