Group 1 - Metals Acquisition Ltd (MTAL) is currently outperforming its Basic Materials peers with a year-to-date return of 2.6%, while the average return for Basic Materials companies is -2.5% [4] - The Zacks Rank for Metals Acquisition Ltd is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past 90 days, the Zacks Consensus Estimate for MTAL's full-year earnings has increased by 94.1%, reflecting stronger analyst sentiment [4] Group 2 - Metals Acquisition Ltd is part of the Mining - Non Ferrous industry, which ranks 52 in the Zacks Industry Rank, and has slightly underperformed its industry with a year-to-date gain of 2.6% compared to the industry's average gain of 9.8% [6] - Rayonier Advanced Materials (RYAM), another stock in the Basic Materials sector, has significantly outperformed with a year-to-date return of 115.3% and a Zacks Rank of 1 (Strong Buy) [5] - The Paper and Related Products industry, to which Rayonier Advanced Materials belongs, has seen a year-to-date increase of 43.2% [6]
Is Metals Acquisition Ltd (MTAL) Stock Outpacing Its Basic Materials Peers This Year?