Ero Copper(ERO)
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Ero Copper Corp. (ERO) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-10-29 23:20
The most recent trading session ended with Ero Copper Corp. (ERO) standing at $19.29, reflecting a -0.21% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. The the stock of company has fallen by 13.2% in the past month, lagging the Basic Materials sector's loss of 5.21% and the S&P 500's gain of 1.67%. The upcoming earnings release of Ero Copper Corp ...
Ero Copper Corp. (ERO) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-29 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Ero Copper Corp. (ERO) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers are better ...
Why Ero Copper Corp. (ERO) Dipped More Than Broader Market Today
ZACKS· 2024-10-23 23:20
Stock Performance - Ero Copper Corp ended the recent trading session at $19 49, showing a -1 47% change from the previous day's closing price [1] - The stock underperformed compared to the S&P 500's daily loss of 0 92%, the Dow's loss of 0 96%, and the Nasdaq's loss of 1 6% [1] - Over the last month, the company's shares decreased by 12 59%, lagging behind the Basic Materials sector's gain of 1 26% and the S&P 500's gain of 2 68% [1] Earnings and Revenue Projections - The company is expected to report earnings on November 5, 2024, with projected earnings per share (EPS) of $0 27, a 50% increase from the same quarter last year [1] - Revenue for the upcoming quarter is forecasted at $148 8 million, reflecting a 41 44% growth compared to the corresponding quarter of the prior year [1] - For the entire fiscal year, consensus estimates project earnings of $1 27 per share and revenue of $605 72 million, representing year-over-year changes of +45 98% and +41 68%, respectively [2] Analyst Estimates and Zacks Rank - Recent changes in analyst estimates for Ero Copper Corp indicate evolving near-term business trends, with positive revisions reflecting confidence in the company's performance [2] - The Zacks Rank system, which integrates estimate changes, currently assigns Ero Copper Corp a rank of 3 (Hold) [3] - The company's Forward P/E ratio of 15 53 is lower than the industry average of 25 26, indicating it is trading at a discount [3] Industry Overview - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]
Ero Copper Confirms Full Power Restoration at the Tucumã Operation
GlobeNewswire News Room· 2024-10-16 21:05
VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to confirm that full power has been restored at its Tucumã Operation following a temporary disruption caused by a severe localized windstorm in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. With power now restored, the Company has safely resumed the ramp-up of milling, flotation, and filtration circuits within the processin ...
Can Ero Copper (ERO) Keep the Earnings Surprise Streak Alive?
ZACKS· 2024-10-08 17:18
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ero Copper Corp. (ERO) , which belongs to the Zacks Mining - Non Ferrous industry. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 112.94%. For the last reported quarter, Ero Copper came out with earnings of $0.18 per share versus the Zac ...
Ero Copper's Tucuma Operation Experiences Temporary Power Disruption
ZACKS· 2024-10-08 15:55
Ero Copper Corp. (ERO) reported a temporary power outage at its Tucumã operation in southwest Carajás Mineral Province, Pará State, Brazil, due to a severe localized windstorm on Saturday. Details on Ero Copper's Temporary Halt of Tucumã Operation The storm damaged the regional power grid, disrupting the main 230kV transmission line. This resulted in power losses for more than 20 million residents and key industrial users. Fortunately, the company's workforce remains unharmed, and its infrastructure at the ...
Ero Copper to Release Third Quarter 2024 Operating and Financial Results on November 5, 2024
GlobeNewswire News Room· 2024-10-07 21:05
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the "Company") will publish its third quarter 2024 operating and financial results on Tuesday, November 5, 2024 after market close. The Company will host a conference call to discuss the results on Wednesday, November 6, 2024 at 11:30am Eastern time (8:30am Pacific time). Date: Wednesday, November 6, 2024 Time: 11:30am Eastern Time (8:30am Pacific Time) Dial In: Canada/USA Toll Free: 1-844-763-8274, Intern ...
Ero Copper Reports Temporary Power Disruption at the Tucumã Operation Following Severe Windstorm
GlobeNewswire News Room· 2024-10-07 03:00
VANCOUVER, British Columbia, Oct. 06, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") announces that its Tucumã Operation has experienced a temporary power disruption following a severe localized windstorm that occurred in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. The Company's workforce is safe, and there has been no damage to infrastructure at the Tucumã Operation. The regional power grid, including the main 230k ...
Ero Copper Announces Initial NI 43-101 Mineral Resource Estimate for the Furnas Copper-Gold Project
GlobeNewswire News Room· 2024-10-02 21:23
VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce an initial National Instrument 43-101 ("NI 43- 101") compliant mineral resource estimate for the Furnas Copper-Gold Project ("Furnas" or the "Project"), located in the Carajás Mineral Province ("Carajás") in Pará State, Brazil. The initial mineral resource estimate highlights significant potential for the Project. At a 1.00% copper equivalent ("CuEq") cut-off ...
Ero Copper (ERO) Stock Jumps 5.2%: Will It Continue to Soar?
ZACKS· 2024-09-27 09:45
Ero Copper Corp. (ERO) shares rallied 5.2% in the last trading session to close at $23.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4% gain over the past four weeks. Ero Copper's share price has gained on the back of the surge in copper and gold prices. Copper futures for December delivery increased 3.33% in a day, closing at $4.64 per pound on Thursday as China implemented various stimulus measures to ...