In the world of Basic Materials stocks, Ero Copper Corp. (ERO) is shining bright as a stock that is outperforming its peers. With a year-to-date return of 22.4%, ERO is surpassing the Basic Materials sector average of -3.3%. This positive performance has caught the attention of many investors looking for strong stocks in the sector.
Ero Copper Corp. is currently ranked #2 (Buy) on the Zacks Rank, reflecting improving earnings estimates and revisions. Analyst sentiment towards ERO has been on the rise, with a 17.9% increase in the Zacks Consensus Estimate for full-year earnings over the past three months.
Meanwhile, Buenaventura (BVN) is another Basic Materials stock that has impressed investors with a year-to-date return of 4.5%. The consensus estimate for BVN’s current year EPS has surged by 41% in the last three months, earning the stock a Zacks Rank of #1 (Strong Buy).
When comparing industry performance, Ero Copper Corp. belongs to the Mining – Non Ferrous industry, which has seen an average gain of 15.4% this year. On the other hand, Buenaventura is part of the Mining – Silver industry, which has surged by +25.8% year to date.
Looking ahead, both Ero Copper Corp. and Buenaventura are expected to continue their solid performance in the Basic Materials sector. Investors interested in these stocks should keep a close eye on their growth trajectory as they navigate the market fluctuations.
