Are Basic Materials Stocks Lagging Nouveau Monde Graphite (NMG) This Year?

Core Insights - Nouveau Monde Graphite Inc. (NMG) is outperforming the Basic Materials sector with a year-to-date return of 28.9%, compared to the sector's average gain of 9.6% [4] - The Zacks Rank for NMG is 2 (Buy), indicating a positive earnings outlook and strong analyst sentiment [3][4] - NMG is part of the Mining - Miscellaneous industry, which has an average gain of 9.4% this year, further highlighting its strong performance [6] Company Performance - NMG's full-year earnings estimate has increased by 9.8% over the past 90 days, reflecting improved analyst sentiment [4] - The stock's year-to-date return of 28.9% significantly exceeds the Basic Materials sector's average return of 9.6% [4] - NMG is ranked 162 in the Zacks Industry Rank within the Mining - Miscellaneous industry, which consists of 60 companies [6] Industry Context - The Basic Materials sector, which includes 233 individual stocks, is currently ranked 14 in the Zacks Sector Rank [2] - Another notable performer in the Basic Materials sector is Vizsla Silver Corp. (VZLA), which has a year-to-date return of 28.7% and a Zacks Rank of 2 (Buy) [5] - The Mining - Silver industry, to which VZLA belongs, has a year-to-date gain of 20.8% and is ranked 24 [6]