Has Almonty Industries Inc. (ALM) Outpaced Other Basic Materials Stocks This Year?

Group 1 - Almonty Industries Inc. (ALM) is a notable stock within the Basic Materials sector, which includes 254 companies and ranks 1 in the Zacks Sector Rank [2] - The Zacks Rank system, which focuses on earnings estimates and revisions, currently rates Almonty Industries Inc. as 2 (Buy) [3] - Almonty Industries has seen a significant increase in the Zacks Consensus Estimate for its full-year earnings, rising by 37.8% in the past quarter, indicating improved analyst sentiment [4] Group 2 - Year-to-date, Almonty Industries has returned approximately 68.3%, outperforming the average return of 19.8% for Basic Materials companies [4] - Almonty Industries belongs to the Mining - Miscellaneous industry, which has 73 stocks and ranks 46 in the Zacks Industry Rank, with an average gain of 21.3% this year [6] - Investors should monitor Almonty Industries and Algoma Steel Group Inc. as they are expected to maintain strong performance in the Basic Materials sector [7]