Is Alpha Metallurgical Resources (AMR) Outperforming Other Basic Materials Stocks This Year?
Alpha Metallurgical ResourcesAlpha Metallurgical Resources(US:AMR) Zacks Investment Research·2024-01-23 15:42

Group 1 - Alpha Metallurgical (AMR) is currently ranked 15 in the Zacks Sector Rank for Basic Materials, which includes 236 companies [1] - The Zacks Rank for Alpha Metallurgical is 1 (Strong Buy), indicating strong potential for outperforming the market in the next one to three months [1] - Over the past 90 days, the Zacks Consensus Estimate for AMR's full-year earnings has increased by 28.1%, reflecting improved analyst sentiment [2] Group 2 - Year-to-date, Alpha Metallurgical has returned approximately 20%, significantly outperforming the Basic Materials group average return of 5.2% [2] - In comparison, another Basic Materials stock, Ur Energy (URG), has returned 12.3% year-to-date and has a Zacks Rank of 2 (Buy) [2] - Alpha Metallurgical belongs to the Mining - Miscellaneous industry, which includes 56 stocks and has gained about 5.1% this year, indicating AMR's superior performance within this industry [3]