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Is Great Panther Silver (GPL) Outperforming Other Basic Materials Stocks This Year?

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Investors focused on the Basic Materials space have likely heard of Great Panther Silver (GPL), but is the stock performing well in comparison to the rest of its sector peers? 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.

Great Panther Silver is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. GPL is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GPL's full-year earnings has moved 25% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, GPL has moved about 82.35% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 1.49%. This means that Great Panther Silver is performing better than its sector in terms of year-to-date returns.

Breaking things down more, GPL is a member of the Mining - Silver industry, which includes 11 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 19.37% this year, meaning that GPL is performing better in terms of year-to-date returns.

Investors with an interest in Basic Materials stocks should continue to track GPL. The stock will be looking to continue its solid performance.


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