Are Basic Materials Stocks Lagging McEwen Mining (MUX) This Year?

Company Performance - McEwen (MUX) has shown a year-to-date performance increase of approximately 5.1%, outperforming the average loss of 12.4% in the Basic Materials sector [4] - The Zacks Consensus Estimate for McEwen's full-year earnings has increased by 72.7% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [3] Sector and Industry Context - McEwen is part of the Basic Materials sector, which consists of 235 individual stocks and ranks 9 in the Zacks Sector Rank [2] - Within the Mining - Miscellaneous industry, McEwen is one of 60 companies and currently holds a position at 91 in the Zacks Industry Rank [5] Comparative Analysis - Another stock in the Basic Materials sector, Equinox Gold (EQX), has a year-to-date return of 3.4%, indicating that McEwen is performing better than this peer as well [4] - Both McEwen and Equinox Gold have a Zacks Rank of 2 (Buy), suggesting a favorable outlook for both stocks [3][5]