Is HudBay Minerals (HBM) Stock Outpacing Its Basic Materials Peers This Year?

Group 1 - HudBay Minerals (HBM) has gained approximately 20% year-to-date, outperforming the Basic Materials sector, which has returned an average of 8.7% [4] - The Zacks Rank for HudBay Minerals is 2 (Buy), indicating strong analyst sentiment and an improving earnings outlook, with the consensus estimate for full-year earnings increasing by 18% over the past quarter [3] - HudBay Minerals is part of the Mining - Miscellaneous industry, which has seen an average gain of 10.6% this year, further highlighting HBM's strong performance within its specific industry [5] Group 2 - The Basic Materials sector includes 233 companies and is currently ranked 12 in the Zacks Sector Rank, which evaluates the strength of different groups based on the average Zacks Rank of individual stocks [2] - Another notable stock in the Basic Materials sector is MAG Silver (MAG), which has achieved a year-to-date return of 57.4% and has a Zacks Rank of 2 (Buy) [4][5] - The Mining - Silver industry, where MAG Silver belongs, has outperformed with a year-to-date increase of 34.7%, ranking 24 among industries [6]