Is Pan American Silver (PAAS) Stock Outpacing Its Basic Materials Peers This Year?

Company Overview - Pan American Silver (PAAS) is a notable stock within the Basic Materials group, which consists of 241 companies and is currently ranked 11 in the Zacks Sector Rank [2] - The company has a Zacks Rank of 1 (Strong Buy), indicating strong analyst sentiment and a favorable earnings outlook [3] Performance Analysis - Year-to-date, Pan American Silver has returned approximately 144%, significantly outperforming the Basic Materials sector's average return of 28.4% [4] - In comparison to its specific industry, Mining - Silver, which has gained an average of 172% this year, PAAS is slightly underperforming [5] Industry Context - The Mining - Silver industry includes 9 companies and is currently ranked 12 in the Zacks Industry Rank [5] - Another stock in the Basic Materials sector, Perimeter Solutions, SA (PRM), has also shown strong performance with a year-to-date increase of 120.4% [4]