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Ero Copper Surges 135% in the Past Year: What's Driving the Momentum?
ZACKS· 2026-02-11 15:20
Core Insights - Ero Copper Corp. (ERO) has outperformed the Zacks Mining-Non Ferrous industry and the S&P 500 over the past year, with a 135.3% increase compared to the industry's 90.9% and the S&P 500's 17.7% [1] - ERO's peers, Freeport-McMoRan, Inc. (FCX) and Southern Copper Corp. (SCCO), have seen increases of 66.7% and 111% respectively in the same timeframe [1] Operational Performance - Ero Copper achieved record Q4 production of 19,706 tons of copper in concentrate, with significant contributions from its Caraíba Operations and the newly ramped-up Tucumã Operation [7][8] - The company reported a 15% increase in mill throughput from the previous quarter, although costs were slightly pressured by lower mined grades [8] - The Tucumã Operation contributed 9,275 tons of copper, with processing rates and plant throughput improving by approximately 22% sequentially [9] Financial Strength - Ero Copper ended Q3 2025 with $66.3 million in cash and cash equivalents, a 230% year-over-year improvement, and a total liquidity of roughly $111 million [10] - Cash flow from operating activities reached approximately $110.3 million during the quarter, a significant increase from $53 million year-over-year, resulting in free cash flow of $34 million [11] Growth Strategy - Ero Copper's growth strategy focuses on enhancing its Brazilian asset base through new capacity commissioning, existing mine development, and mechanization [12] - Investments at the Caraíba Operations include underground development and a new external shaft at the Pilar Mine, expected to improve access to higher-grade ore zones by 2027 [13] - The company is also advancing the Furnas Copper-Gold Project to potentially add another significant copper and gold source [14] Earnings Estimates - The Zacks Consensus Estimate for ERO's fiscal 2025 earnings is $2.13 per share, indicating a year-over-year growth of 173.1%, while 2026 estimates suggest earnings of $4.29 per share, reflecting 101.2% growth [17][18] Valuation - ERO is currently trading at a forward 12-month price-to-earnings multiple of 3.09X, which is below the peer group average of 5.32X [19] - Both ERO and FCX have a Value Score of B, while SCCO has a score of D [21] Investment Outlook - Ero Copper's record production and operational efficiency are driving healthy cash generation and consistent free cash flow [22] - The company's strong liquidity position and low leverage provide flexibility for expansion, reducing risk while supporting growth [22] - Despite its momentum, ERO remains attractively valued relative to its rising output and long-term earnings potential, making it a compelling investment opportunity [22][23]
Ero Copper Corp. (ERO) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2026-02-11 00:15
Ero Copper Corp. (ERO) closed at $30.98 in the latest trading session, marking a -2.49% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.59%. Shares of the company witnessed a gain of 2.38% over the previous month, trailing the performance of the Basic Materials sector with its gain of 11.52%, and outperforming the S&P 500's loss of 0%.Investors will be eagerly watching for the performance of Ero Copper Corp ...
Can Ero Copper Sustain Record Copper Output Growth Ahead?
ZACKS· 2026-02-09 14:41
Key Takeaways Ero Copper delivered record Q4 2025 output of 19,706 tons, up 18.3% QoQ and about 53% year over year.ERO saw Tucum rise 22% as throughput and recoveries stabilized, while Caraba lifted throughput about 15%.LUNMF maintained Q4 copper output at 87,032 tons, while SCCO's grew marginally YoY.Ero Copper Corp. (ERO) reported stellar operational gains in the fourth quarter of 2025, delivering record consolidated copper production of 19,706 tons of copper in concentrate. This was supported by improved ...
Ero Delivers Record Q4 Production and Strong Year-End Liquidity; Gold Concentrate Sales to Continue Through Mid-2027, Positioning for Next Phase of Step-Change Growth
Globenewswire· 2026-02-05 12:30
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce record 2025 copper production and provide 2026 guidance and an updated three-year production outlook. HIGHLIGHTS Fourth Quarter and Full Year 2025 Results Optimization initiatives across the Company's operating portfolio in 2025 contributed to record quarterly copper production of 19,706 tonnes and quarterly ...
Ero Copper to Release Fourth Quarter and Full Year 2025 Operating and Financial Results on March 5, 2026
Globenewswire· 2026-01-30 22:05
Core Viewpoint - Ero Copper Corp. is set to release its fourth quarter and full year 2025 operating and financial results on March 5, 2026, followed by a conference call on March 6, 2026, to discuss these results [1]. Company Overview - Ero Copper Corp. is a Brazil-focused mining company with a diversified portfolio of copper and gold assets, headquartered in Vancouver, B.C. [4] - The company operates two copper mines: the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State, along with the Xavantina Operations, a producing gold mine in Mato Grosso State [4]. - Ero is advancing the Furnas Copper-Gold Project in the Carajás Province of Pará State through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project [4]. Operating Philosophy - The company's operating philosophy emphasizes safety, operational excellence, and responsible mineral production essential for a sustainable future [5].
美股异动 | 铜矿板块盘前集体走高 南方铜业(SCCO.US)张近8%
智通财经网· 2026-01-29 14:37
Group 1 - The copper mining sector saw a collective pre-market rise, with Ero Copper increasing over 9%, Taseko Mines nearly 9%, Southern Copper up nearly 8%, and Hudbay Minerals rising close to 6% [1] - The price of copper futures surged over 10% during the day, reaching a historical high [1] - Market analyst Divyang Shah noted that while copper's year-to-date increase is less than that of gold and silver, the fundamentals supporting its bullish trend are strong [1] Group 2 - Factors driving the copper market include concerns over the independence of the Federal Reserve, ongoing geopolitical risks, expectations of a weaker dollar, fragmented supply chains, and preemptive market positioning against supply shocks [1] - Additionally, new demand from the artificial intelligence sector is contributing to the investment interest in copper [1]
Are You Looking for a Top Momentum Pick? Why Ero Copper Corp. (ERO) is a Great Choice
ZACKS· 2026-01-22 18:00
Company Overview - Ero Copper Corp. (ERO) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, ERO shares increased by 0.85%, while the Zacks Mining - Non Ferrous industry rose by 6.2% [5] - In a longer time frame, ERO's monthly price change is 13.52%, compared to the industry's 22.38% [5] - Over the last quarter, ERO shares have risen by 45.24%, and over the past year, they have increased by 120.69% [6] - In contrast, the S&P 500 has moved 2.42% and 14.97% over the same periods [6] Trading Volume - ERO's average 20-day trading volume is 1,554,929 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, three earnings estimates for ERO have been revised upwards, while none have been lowered, boosting the consensus estimate from $1.85 to $2.07 [9] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong momentum characteristics, positive price performance, and favorable earnings outlook, ERO is positioned as a promising investment opportunity [11]
After Gold and Silver, Is Copper Set for a Big Run? 4 Stocks to Buy
ZACKS· 2026-01-21 14:41
Core Insights - Gold and silver experienced significant price increases in 2025, with gold rising over 60% and silver surging over 150%, continuing into 2026 as geopolitical tensions drive investors towards safe-haven assets [1] - Copper is emerging as a key investment opportunity, having risen around 40% in 2025, with expectations for further price increases due to new demand drivers [2][10] Copper Market Dynamics - The demand for copper is being fueled by its essential role in electric vehicles, renewable energy systems, and the AI economy, with massive data centers requiring substantial amounts of copper [5] - China, as the largest copper consumer, is actively securing long-term supplies, contributing to a lasting shortage in the market as demand outpaces supply [6] Investment Opportunities in Copper Stocks - Ero Copper Corp. is positioned well with record production of 16,664 tonnes of copper concentrate at a low cash cost of $2 per pound, and is advancing the Furnas Copper-Gold Project [7][8] - BHP Group Limited is targeting around 2 million tons of copper production per year by the 2030s, with significant investments in expanding operations [11][12] - Rio Tinto is developing major projects like Resolution Copper and Oyu Tolgoi, which is set to be one of the largest copper mines globally by 2030 [14][15] - Southern Copper Corporation holds the largest copper reserves in the industry and has a $15 billion capital investment plan, focusing on major projects in Peru [16][17] Financial Projections - Ero Copper's 2026 sales and EPS are expected to grow by 38% and 100% year-over-year, respectively, with a Zacks Rank of 1 (Strong Buy) [9] - BHP's fiscal 2026 EPS is projected to grow by 23%, also holding a Zacks Rank of 1 [13] - Rio Tinto's 2026 sales and EPS are estimated to grow by 6% each, with a Zacks Rank of 1 [16] - Southern Copper's 2026 sales and EPS are expected to grow by 10% and 18%, respectively, with a Zacks Rank of 2 (Buy) [18]
Ero Copper (ERO) Upgraded to Strong Buy: Here's Why
ZACKS· 2026-01-07 18:01
Core Viewpoint - Ero Copper Corp. (ERO) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Ero Copper indicates expected earnings of $2.00 per share for the fiscal year ending December 2025, showing no year-over-year change [8]. - Over the past three months, analysts have increased their earnings estimates for Ero Copper by 33% [8]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors to gauge stock performance [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10]. Market Implications - The upgrade to Zacks Rank 1 positions Ero Copper among the top 5% of stocks, suggesting potential for higher stock prices in the near term due to improved earnings outlook [10].
Ero Copper Corp. (ERO) is a Great Momentum Stock: Should You Buy?
ZACKS· 2026-01-06 18:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ero Copper Corp. (ERO) - Ero Copper Corp. currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical performance [3] Price Performance - ERO shares have increased by 3.82% over the past week, outperforming the Zacks Mining - Non Ferrous industry, which rose by 0.33% during the same period [5] - Over the last month, ERO's price change is 24.77%, significantly higher than the industry's 14.86% [5] - In the last quarter, ERO shares rose by 33.73%, and over the past year, they have increased by 112.38%, while the S&P 500 only moved 3.09% and 17.53% respectively [6] Trading Volume - ERO's average 20-day trading volume is 1,068,841 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for ERO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.85 to $2.00 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, Ero Copper Corp. is positioned as a strong buy candidate with a Momentum Score of B [11]