The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Pan American Silver (PAAS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Pan American Silver is a member of our Basic Materials group, which includes 241 different companies and currently sits at #11 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Southern Copper (SCCO) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Southern Copper is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks S ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: First Majestic Silver (AG) - First Majestic Silver currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - The stock has shown significant price increases, with a 36.96% rise over the past week and a 47.05% increase over the past month, outperforming the Zacks Mining - Silver industry, which rose 25.01% and 30.72% respectively [6] - Over the last quarter, AG shares increased by 66.38%, and over the past year, they gained 150.24%, significantly outperforming the S&P 500's increases of 6.55% and 14.51% [7] Trading Volume - The average 20-day trading volume for AG is 15,327,507 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for AG have been positive, with three estimates moving higher and none lower, raising the consensus estimate from $0.15 to $0.25 over the past 60 days [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, First Majestic Silver is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [12]

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]

Core Viewpoint - Pan American Silver reported quarterly earnings of $0.48 per share, slightly missing the Zacks Consensus Estimate of $0.49 per share, but showing an increase from $0.32 per share a year ago, indicating a year-over-year growth in earnings despite the earnings surprise of -2.04% [1][2] Financial Performance - The company posted revenues of $854.6 million for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 1.52%, but an increase from $716.1 million in the same quarter last year [2] - Over the last four quarters, Pan American Silver has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Pan American Silver shares have increased approximately 85.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.4% [3] Future Outlook - The company's earnings outlook will be crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.74 on revenues of $1.04 billion, and for the current fiscal year, it is $2.16 on revenues of $3.49 billion [7] Industry Context - The Mining - Silver industry, to which Pan American Silver belongs, is currently ranked in the top 4% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8]

Industry Overview - The Zacks Mining - Silver industry is experiencing a promising outlook due to a strong rally in silver prices, with global industrial demand projected at approximately 1.15 billion ounces [1][4] - The industry comprises companies involved in the exploration, development, and production of silver, with only 20% of silver sourced from mining activities where it is the primary revenue source [3] - The industry is currently facing a persistent demand-supply gap, with projected demand exceeding supply, leading to a fifth consecutive year of deficit [6] Demand Drivers - Industrial demand for silver is expected to dominate, accounting for around 59% of total demand, driven by the solar energy sector and advancements in technology [4] - Silver's inclusion in the critical minerals list by the U.S. Geological Survey enhances its strategic importance, potentially leading to increased investment and policy support [4] Price Trends - Silver prices have surged approximately 74.5% this year, reaching a peak of $54.48 on October 17, 2025, driven by economic uncertainties and rising investor demand [5] - Current prices are around $50, supported by expectations of a Federal Reserve rate cut amid signs of economic weakness [5] Company Performance - Fresnillo (FNLPF) has a strong project pipeline, with a targeted silver equivalent production of 91-102 million ounces for 2025 and a recent acquisition of Probe Gold [17][18] - Pan American Silver (PAAS) has rationalized its portfolio post-Yamana acquisition and is expected to increase silver production by approximately 35% annually through the Juanicipio mine [22][23] - Hecla Mining (HL) reported record revenues of $410 million and a 95.8% stock appreciation in the last three months, with a focus on operational excellence and debt reduction [25][27] - First Majestic Silver (AG) achieved a 39% year-over-year increase in silver-equivalent production, bolstered by the acquisition of Gatos Silver, leading to record revenues of $285.1 million [29][30] Market Performance - The Mining-Silver Industry has outperformed the Basic Materials sector and the S&P 500 composite, with a collective gain of 79.3% over the past year compared to 8.5% and 14.4% respectively [10] - The industry currently trades at a trailing 12-month EV/EBITDA ratio of 14.66X, which is lower than the S&P 500's 18.24X, indicating potential value [13]

Core Insights - Endeavour Silver reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.05, representing an earnings surprise of -120.00% [1] - The company posted revenues of $111.4 million for the quarter ended September 2025, which was 10.71% below the Zacks Consensus Estimate, compared to $53.44 million in the same quarter last year [2] - The stock has increased approximately 100% since the beginning of the year, outperforming the S&P 500's gain of 14.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $142.87 million, while for the current fiscal year, it is -$0.06 on revenues of $430.09 million [7] - The estimate revisions trend for Endeavour Silver was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Mining - Silver industry is currently ranked in the top 2% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - Hecla Mining reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and showing significant growth from $0.03 per share a year ago, indicating strong performance in the precious metals sector [1][2]. Financial Performance - The company achieved revenues of $409.54 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 29.77% and up from $245.09 million year-over-year [2]. - Over the last four quarters, Hecla Mining has exceeded consensus EPS estimates three times and topped revenue estimates four times [2]. Stock Performance - Hecla Mining shares have increased approximately 143.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.1% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $331 million, while for the current fiscal year, the estimate is $0.33 on revenues of $1.15 billion [7]. - The outlook for the Mining - Silver industry is strong, with the sector currently ranking in the top 5% of over 250 Zacks industries, suggesting potential for continued outperformance [8].

Core Viewpoint - Pan American Silver (PAAS) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for November 12, and if the results exceed expectations, the stock may rise; conversely, a miss could lead to a decline [2]. - The consensus estimate for quarterly earnings is $0.49 per share, reflecting a year-over-year increase of +53.1%, while revenues are projected at $867.76 million, up 21.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 18.76% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Pan American Silver matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a positive ESP being a strong predictor of an earnings beat [9][10]. - Pan American Silver currently holds a Zacks Rank of 2, but the combination of a 0% Earnings ESP makes it challenging to predict an earnings beat conclusively [12][13]. Historical Performance - In the last reported quarter, Pan American Silver was expected to post earnings of $0.40 per share but delivered $0.43, resulting in a surprise of +7.50% [14]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [15]. Industry Comparison - Another player in the silver mining industry, Endeavour Silver (EXK), is expected to report earnings of $0.05 per share, indicating a year-over-year change of +400%, with revenues projected at $124.77 million, up 133.5% [19][20]. - The consensus EPS estimate for Endeavour Silver has been revised 28.6% higher, but a lower Most Accurate Estimate results in an Earnings ESP of -40.00%, making it difficult to predict an earnings beat [20][21].