Is Fresnillo (FNLPF) Stock Outpacing Its Basic Materials Peers This Year?

Group 1 - Fresnillo PLC is currently outperforming its peers in the Basic Materials sector, with a year-to-date return of approximately 277.8%, compared to the sector average of 17.9% [4] - The Zacks Rank for Fresnillo PLC is 1 (Strong Buy), indicating a positive outlook based on earnings estimates and revisions, with a 54.3% increase in the consensus estimate for full-year earnings over the past three months [3] - Fresnillo PLC belongs to the Mining - Silver industry, which has seen an average gain of 101.9% this year, further highlighting its strong performance within its specific industry [5] Group 2 - Lundin Mining, another stock in the Basic Materials sector, has also shown strong performance with a year-to-date return of 101.6% and a Zacks Rank of 2 (Buy) [4][5] - The Mining - Non Ferrous industry, which includes Lundin Mining, has a lower ranking (28) and has gained 18.3% since the beginning of the year, indicating that Fresnillo PLC is performing better than its industry peers [6]