The Zacks Industry Rank assigns a rating to each of the 265 industries based on their average Zacks Rank. An Industry with a larger percentage of Zacks Rank #1s (Strong Buy) and #2s (Buy) will have a better Zacks Industry Rank than one with a larger percentage of Zacks Rank #4s (Sell) and #5s (Strong Sell).
Finding the best industries is often the key to success in investing. Our research shows that the industries ranked in the top half outperform those in the bottom half by a factor of two to one, so putting your money to work in the best industries gives you a big advantage.
One space that should be on your radar right now is the silver mining industry. The space has moved up 20 Zacks Industry Ranks in the last week. Silver futures contracts have also been trending upwards throughout June. This means that companies mining silver ores stand to be more profitable over the near term. Stocks within the silver mining sector sit in the top 10% of all 265 industries ranked on the Zacks Industry Rank, so they look like a superior investment choice right now.
The silver mining industry is ranked as the 25th best industry out of the 265 industries covered by Zacks. In the last week, the industry has seen its average Zacks Rank improve, and it has gone from an average Zacks Rank of 2.69 to a rank of 2.54.
Best of the Group
There are several promising choices in this industry right now, such as First Majestic Silver Corp AG, Avino Silver & Gold Mines ASM, Fortuna Silver Mines FSM, and Hecla Mining Company HL, all of which have either a #1 (Strong Buy) or #2 (Buy) on the Zacks Rank.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HECLA MINING (HL): Free Stock Analysis Report FORTUNA SILVER (FSM): Free Stock Analysis Report FIRST MAJESTIC (AG): Free Stock Analysis Report AVINO SILVER&GD (ASM): Free Stock Analysis Report To read this article on Zacks.com click here.