Investors focused on the Basic Materials space have likely heard of VALE (VALE), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of VALE and the rest of the Basic Materials group's stocks.
VALE is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. VALE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VALE's full-year earnings has moved 18.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, VALE has moved about 3.87% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have gained about 12.13% on average. This means that VALE is performing better than its sector in terms of year-to-date returns.
Looking more specifically, VALE belongs to the Mining - Iron industry, a group that includes 2 individual stocks and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 3.93% so far this year, so VALE is slightly underperforming its industry in this area.
Investors in the Basic Materials sector will want to keep a close eye on VALE as it attempts to continue its solid performance.
VALE S.A. (VALE): Free Stock Analysis Report
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Zacks Investment Research