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Has Energy Fuels (UUUU) Outpaced Other Basic Materials Stocks This Year?

Zacks Equity Research
Updated
ASGN vs. FICO: Which Stock Is the Better Value Option?

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Energy Fuels (UUUU) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

Energy Fuels is one of 247 companies in the Basic Materials group. The Basic Materials group currently sits at #13 within the Zacks Sector Rank. 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 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. UUUU is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for UUUU's full-year earnings has moved 34.25% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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According to our latest data, UUUU has moved about 64.80% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -14.63% on a year-to-date basis. This shows that Energy Fuels is outperforming its peers so far this year.

To break things down more, UUUU belongs to the Mining - Non Ferrous industry, a group that includes 11 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has lost an average of 30.37% so far this year, so UUUU is performing better in this area.

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


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Zacks Investment Research