We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Rio Tinto (RIO) Outperforming Other Basic Materials Stocks This Year?
Read MoreHide Full Article
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Rio Tinto (RIO - Free Report) 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? One simple way to answer this question is to take a look at the year-to-date performance of RIO and the rest of the Basic Materials group's stocks.
Rio Tinto is a member of our Basic Materials group, which includes 239 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. RIO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RIO's full-year earnings has moved 47.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, RIO has gained about 6.74% so far this year. Meanwhile, the Basic Materials sector has returned an average of 5.25% on a year-to-date basis. This means that Rio Tinto is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RIO belongs to the Mining - Miscellaneous industry, a group that includes 45 individual stocks and currently sits at #110 in the Zacks Industry Rank. On average, this group has gained an average of 6.59% so far this year, meaning that RIO is performing better in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track RIO. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Rio Tinto (RIO) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Rio Tinto (RIO - Free Report) 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? One simple way to answer this question is to take a look at the year-to-date performance of RIO and the rest of the Basic Materials group's stocks.
Rio Tinto is a member of our Basic Materials group, which includes 239 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. RIO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for RIO's full-year earnings has moved 47.64% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, RIO has gained about 6.74% so far this year. Meanwhile, the Basic Materials sector has returned an average of 5.25% on a year-to-date basis. This means that Rio Tinto is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RIO belongs to the Mining - Miscellaneous industry, a group that includes 45 individual stocks and currently sits at #110 in the Zacks Industry Rank. On average, this group has gained an average of 6.59% so far this year, meaning that RIO is performing better in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track RIO. The stock will be looking to continue its solid performance.