Dj Rayonier: Additional Eur30 M In Preferred Equity Will Be Provided By Swen Cap Partners Through Strategy Swen Impact Fund For Transition 3 For 20% Stake In Subsidiary, Ryam Bionova

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Kinross Gold (KGC) 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.

Kinross Gold is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Kinross Gold is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for KGC's full-year earnings has moved 20.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, KGC has moved about 56.2% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of -2.1%. As we can see, Kinross Gold is performing better than its sector in the calendar year.

Rayonier Advanced Materials (RYAM) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 146.4%.

In Rayonier Advanced Materials' case, the consensus EPS estimate for the current year increased 77.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Kinross Gold belongs to the Mining - Gold industry, a group that includes 38 individual stocks and currently sits at #21 in the Zacks Industry Rank. This group has gained an average of 14.3% so far this year, so KGC is performing better in this area.

On the other hand, Rayonier Advanced Materials belongs to the Paper and Related Products industry. This 11-stock industry is currently ranked #192. The industry has moved +40.7% year to date.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Kinross Gold and Rayonier Advanced Materials as they could maintain their solid performance.

Zacks Investment Research

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 11:

AppLovin Corporation APP: This digital advertising platform provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

AppLovin Corporation Price and Consensus

AppLovin Corporation price-consensus-chart | AppLovin Corporation Quote

AppLovin's shares gained 287.9% over the last three months compared with the S&P 500’s advanced of 12.1%. The company possesses a Momentum Score of A.

AppLovin Corporation Price

AppLovin Corporation price | AppLovin Corporation Quote

Century Aluminum Company CENX: This aluminum manufacturing company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.2% over the last 60 days.

Century Aluminum Company Price and Consensus

Century Aluminum Company price-consensus-chart | Century Aluminum Company Quote

Century Aluminum Company's shares gained 58.4% over the last three months compared with the S&P 500’s advanced of 12.1%. The company possesses a Momentum Score of A.

Century Aluminum Company Price

Century Aluminum Company price | Century Aluminum Company Quote

Rayonier Advanced Materials Inc. RYAM: This cellulose specialty company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 77.8% over the last 60 days.

Rayonier Advanced Materials Inc. Price and Consensus

Rayonier Advanced Materials Inc. price-consensus-chart | Rayonier Advanced Materials Inc. Quote

Rayonier Advanced Materials' shares gained 39.7% over the last three months compared with the S&P 500’s advanced of 12.1%. The company possesses a Momentum Score of A.

Rayonier Advanced Materials Inc. Price

Rayonier Advanced Materials Inc. price | Rayonier Advanced Materials Inc. Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

Zacks Investment Research