Is Kinross Gold (KGC) Stock Outpacing Its Basic Materials Peers This Year?

Core Insights - Kinross Gold (KGC) has shown strong year-to-date performance, with a return of approximately 61.5%, significantly outperforming the Basic Materials sector, which has returned an average of -6.4% [4] - The Zacks Rank for Kinross Gold is currently 2 (Buy), indicating positive analyst sentiment, with a 17.4% increase in the consensus earnings estimate over the past 90 days [3] - Kinross Gold is part of the Mining - Gold industry, which has an average gain of 14.2% this year, further highlighting KGC's strong performance relative to its peers [5] Company Performance - Kinross Gold's year-to-date return of 61.5% positions it as one of the best-performing stocks in the Basic Materials sector [4] - The company's Zacks Rank of 2 reflects a favorable outlook, with analysts revising earnings estimates upward by 17.4% [3] - In comparison, Rayonier Advanced Materials (RYAM) has also performed well, with a year-to-date increase of 93.3% and a Zacks Rank of 1 (Strong Buy) [4][5] Industry Context - The Basic Materials sector includes 234 individual stocks and currently holds a Zacks Sector Rank of 15, indicating a relatively weak performance overall [2] - The Mining - Gold industry, which includes Kinross Gold, ranks 82 in the Zacks Industry Rank, suggesting that while KGC is performing well, the industry as a whole is not among the top performers [5] - In contrast, the Paper and Related Products industry, which includes Rayonier Advanced Materials, has seen a year-to-date increase of 40.2% and ranks 168 [6]