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 gold mining industry. Stocks within the gold mining sector sit in the top 12% of all 265 industries ranked on the Zacks Industry Rank.
Right now, the gold mining industry is ranked as the 30th best industry out of the 265 industries covered by Zacks. The industry’s average Zacks Rank has been very strong, and it currently comes in at an average rank of 2.57.
Best of the Group
There are several promising choices in this industry right now, such as AngloGold Ashanti Ltd (NYSE:AU) , Harmony Gold (NYSE:HMY) , and New Gold Inc. (TO:NGD) , all of which have either a #1 (Strong Buy) or #2 (Buy) on the Zacks Rank.
The Zacks Rank is a truly marvelous trading tool. Our ranking system has beaten the S&P 500, yielding an average return of 25% per year for the last 29 years! 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 >>
ANGLOGOLD LTD (AU): Free Stock Analysis Report
HARMONY GOLD (HMY): Free Stock Analysis Report
NEW GOLD INC (NGD): Free Stock Analysis Report
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Zacks Investment Research