Ero Copper(ERO)

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Here's Why Ero Copper Corp. (ERO) Fell More Than Broader Market
ZACKS· 2025-06-13 23:16
Company Performance - Ero Copper Corp. (ERO) closed at $15.03, reflecting a -4.08% change from the previous day's closing price, underperforming the S&P 500 which lost 1.13% [1] - Over the past month, Ero Copper's shares have increased by 15.05%, outperforming the Basic Materials sector's gain of 4.24% and the S&P 500's gain of 3.55% [1] Upcoming Earnings - The company is expected to report an EPS of $0.51, representing a 183.33% increase compared to the same quarter last year [2] - Revenue is projected to be $195 million, indicating a 66.52% rise from the equivalent quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of $2.07 per share and revenue of $826 million, which would mark increases of +165.38% and +75.67% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Ero Copper reflect evolving short-term business trends, with positive revisions indicating optimism about the business outlook [4] Share Price Momentum - Research indicates that estimate revisions correlate with near-term share price momentum, and the Zacks Rank system incorporates these changes to provide a rating system [5] Zacks Rank - Ero Copper Corp. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate shifting 2.91% upward over the past month [6] Valuation - The company has a Forward P/E ratio of 7.58, significantly lower than the industry average Forward P/E of 23.45, suggesting that Ero Copper is trading at a discount [7] Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [7]
Wall Street Analysts Believe Ero Copper (ERO) Could Rally 29.07%: Here's is How to Trade
ZACKS· 2025-05-20 15:01
Shares of Ero Copper Corp. (ERO) have gained 23.8% over the past four weeks to close the last trading session at $13.52, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $17.45 indicates a potential upside of 29.1%.The mean estimate comprises 13 short-term price targets with a standard deviation of $2.71. While the lowest estimate of $12.50 indicates a 7.5% decline from the curre ...
Ero Copper Corp. (ERO) Q1 Earnings Beat Estimates
ZACKS· 2025-05-05 23:55
Core Insights - Ero Copper Corp. reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, marking an earnings surprise of 105.88% [1] - The company posted revenues of $125.09 million for the quarter ended March 2025, which fell short of the Zacks Consensus Estimate by 1.51% [2] - Ero Copper has surpassed consensus EPS estimates three times over the last four quarters, but has not beaten revenue estimates during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $194 million, while the estimate for the current fiscal year is $2 on revenues of $841.98 million [7] - The estimate revisions trend for Ero Copper is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Mining - Non Ferrous industry, to which Ero Copper belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Ero Copper Reports First Quarter 2025 Operating and Financial Results
Globenewswire· 2025-05-05 21:07
Core Viewpoint - Ero Copper Corp. reported strong operational and financial results for Q1 2025, driven by increased copper production and higher metals prices, with a focus on achieving record copper production in 2025 [1][4][7]. Financial Highlights - Revenues for Q1 2025 were $125.1 million, up from $122.5 million in Q4 2024 and $105.8 million in Q1 2024 [13]. - Net income attributable to owners of the Company was $80.2 million ($0.77 per diluted share), a significant recovery from a net loss of $48.9 million in Q4 2024 [13][14]. - Adjusted EBITDA for the quarter was $63.2 million, compared to $59.1 million in Q4 2024 and $43.3 million in Q1 2024 [13][34]. Operational Highlights - Consolidated copper production reached 12,424 tonnes, with the Tucumã Operation contributing 5,067 tonnes and Caraíba Operations producing 7,357 tonnes [5][11]. - Gold production totaled 6,638 ounces, with average C1 cash costs of $1,100 per ounce and All-in Sustaining Costs (AISC) of $2,228 per ounce [5][12]. - The company achieved a 32% quarter-on-quarter increase in ore tonnes processed at the Tucumã Operation, with more than half of the production occurring in March 2025 [11][15]. Production and Cost Guidance - Ero Copper expects full-year copper production for 2025 to range between 75,000 and 85,000 tonnes, with sequential increases anticipated throughout the year [15][17]. - The company reaffirmed its gold production guidance of 50,000 to 60,000 ounces for the Xavantina Operations, supported by higher processed tonnage and improved gold grades [16][17]. Capital Expenditure Guidance - Capital expenditure guidance for 2025 remains unchanged at $230 to $270 million, excluding capitalized ramp-up costs prior to the declaration of commercial production at the Tucumã Operation [20][21]. Liquidity Position - At the end of Q1 2025, available liquidity was $115.6 million, including $80.6 million in cash and cash equivalents and $35 million of undrawn availability under the senior secured revolving credit facility [5][43].
Ero Copper Corp. (ERO) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-05-01 23:20
Ero Copper Corp. (ERO) closed at $12.55 in the latest trading session, marking a +0.64% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.63% for the day. Elsewhere, the Dow saw an upswing of 0.21%, while the tech-heavy Nasdaq appreciated by 1.52%.The company's shares have seen of 0% over the last month, surpassing the Basic Materials sector's loss of 1.03% and the S&P 500's loss of 0.7%.Analysts and investors alike will be keeping a close eye on the performance of Ero Co ...
Ero Copper: 2025 Could Be A Record Year For Profitability
Seeking Alpha· 2025-04-27 10:59
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Group 1 - The author possesses a Master's degree in Business Economics, providing a strong managerial and economic foundation [1]. - The coverage includes all sectors and different types of stocks, indicating a comprehensive approach to investment analysis [1].
Ero Copper Corp. (ERO) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-04-25 23:21
Group 1 - Ero Copper Corp. ended the recent trading session at $12.62, showing a -0.32% change from the previous day's closing price, which is less than the S&P 500's daily gain of 0.74% [1] - Over the past month, shares of Ero Copper Corp. have decreased by 3.14%, which is a larger decline compared to the Basic Materials sector's loss of 2.61% and the S&P 500's loss of 4.77% [1] Group 2 - The upcoming earnings report for Ero Copper Corp. is scheduled for May 5, 2025, with projected EPS of $0.19, indicating an 18.75% increase year-over-year, and anticipated revenue of $158 million, reflecting a 49.34% increase from the same quarter last year [2] - For the full year, analysts expect earnings of $2 per share and revenue of $841.98 million, representing increases of +156.41% and +79.07% respectively from the previous year [3] Group 3 - Recent changes to analyst estimates for Ero Copper Corp. are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - Empirical research shows a direct correlation between estimate revisions and stock price performance, leading to the development of the Zacks Rank system, which incorporates these changes [5] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 ranked stocks yielding an average annual return of +25% since 1988; Ero Copper Corp. currently holds a Zacks Rank of 3 (Hold) [6] - Ero Copper Corp. is trading at a Forward P/E ratio of 6.34, which is significantly lower than the industry's average Forward P/E of 21.41, indicating a valuation discount [7] Group 5 - The Mining - Non Ferrous industry, to which Ero Copper Corp. belongs, is part of the Basic Materials sector and has a Zacks Industry Rank of 58, placing it in the top 24% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]
Ero Copper Extends Deal With Royal Gold to Boost Growth at Xavantina
ZACKS· 2025-04-02 16:15
Ero Copper Corp (ERO) announced that it extended its precious metal purchase agreement related to the Xavantina operations with Royal Gold, Inc.'s (RGLD) wholly-owned subsidiary, RGLD Gold AG.Details of ERO-RGLD DealERO Copper will receive an additional $50 million in upfront proceeds from Royal Gold under the terms of the agreement. Including this, Royal Gold provided $160 million under the Xavantina streaming agreements from 2021.As part of the streaming agreement, Royal Gold will continue to purchase 25% ...
Ero Copper to Release First Quarter 2025 Operating and Financial Results on May 5, 2025
Globenewswire· 2025-04-01 21:05
VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the "Company") will publish its first quarter 2025 operating and financial results on Monday, May 5, 2025, after market close. The Company will host a conference call to discuss the results on Tuesday, May 6, 2025 at 11:30am Eastern time (8:30am Pacific time). A results presentation will be available for download via the webcast link and in the Presentations section of the Company's website on the day of ...
Ero Copper Extends Precious Metals Purchase Arrangements with Royal Gold by US$50 million at the Xavantina Operations
Newsfilter· 2025-03-31 10:00
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce that, in return for upfront proceeds of $50 million, it has extended the June 2021 Precious Metals Purchase Agreement (the "Original Xavantina Stream") with RGLD Gold AG, a wholly owned subsidiary of Royal Gold Inc. (collectively, "Royal Gold"), under an additional precious metals purchase agreement in relatio ...