Is Piedmont Lithium Inc. - Sponsored ADR (PLL) Stock Outpacing Its Basic Materials Peers This Year?

Group 1 - Piedmont Lithium Inc. - Sponsored ADR (PLL) is part of the Basic Materials sector, which includes 238 individual stocks and holds a Zacks Sector Rank of 12 [2] - The Zacks Rank system focuses on earnings estimates and revisions, with PLL currently holding a Zacks Rank of 2 (Buy) [3] - Over the past 90 days, the Zacks Consensus Estimate for PLL's full-year earnings has increased by 4.6%, indicating improved analyst sentiment and a stronger earnings outlook [4] Group 2 - Year-to-date, PLL has returned 17.5%, outperforming the Basic Materials group average return of approximately 13% [4] - PLL belongs to the Mining - Miscellaneous industry, which consists of 64 stocks and currently ranks 161 in the Zacks Industry Rank; this industry has gained about 17.8% year-to-date, indicating PLL is slightly underperforming its industry [6] - Another stock in the Basic Materials sector, SSR Mining (SSRM), has significantly outperformed with a year-to-date return of 123.6% and a Zacks Rank of 1 (Strong Buy) [5][6]