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Is Energy Fuels (UUUU) Stock Outpacing Its Basic Materials Peers This Year?

Zacks Equity Research
Updated
Ranger Energy Services, Inc. (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Investors focused on the Basic Materials space have likely heard of Energy Fuels (UUUU), but is the stock performing well in comparison to the rest of its sector peers? 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 #12 within the Zacks Sector Rank. 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 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).

Within the past quarter, the Zacks Consensus Estimate for UUUU's full-year earnings has moved 34.25% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, UUUU has moved about 102.24% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of -7.55%. This means that Energy Fuels is outperforming the sector as a whole this year.

Breaking things down more, UUUU is a member of the Mining - Non Ferrous industry, which includes 11 individual companies and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have lost about 20.43% so far this year, so UUUU is performing better this group in terms of year-to-date returns.

UUUU will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.


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