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Ero Copper and Vale Base Metals Execute Definitive Earn-In Agreement on the Furnas Copper Project
Newsfilter· 2024-07-22 11:00
VANCOUVER, British Columbia, July 22, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce that it has signed a definitive earn-in agreement ("Agreement") with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited ("VBM"), to earn a 60% interest in the Furnas Copper Project ("Furnas" or the "Project") located in the Carajás Mineral Province in Pará State, Brazil. The terms of the Agreement align with the previously signed binding term sheet ou ...
Ero Copper to Release Second Quarter 2024 Operating and Financial Results on August 1, 2024
Newsfilter· 2024-07-08 11:00
VANCOUVER, British Columbia, July 08, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") will publish its second quarter 2024 operating and financial results on Thursday, August 1, 2024 after market close. The Company will host a conference call to discuss the results on Friday, August 2, 2024 at 11:30am Eastern time (8:30am Pacific time). Dial In: Canada/USA Toll Free: 1-844-763-8274, International: +1-647-484-8814 Please dial in 5-10 minutes prior to the start of the call or pre ...
Ero Copper's Tucumã Project Awarded Operational License - Commissioning On Track for First Copper Production Early Q3 2024
Newsfilter· 2024-06-12 11:00
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, June 12, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) (the "Company") is pleased to announce that it has received the Operational License for the Tucumã Project (the "Project") – the last remaining permitting milestone for commercial operation. With physical completion at approximately 99%, commissioning well advanced, and over 90% of the operational staff hired and trained, first concentrate continues to be ex ...
What Makes Ero Copper Corp. (ERO) a Strong Momentum Stock: Buy Now?
zacks.com· 2024-05-22 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
Why Ero Copper (ERO) Might be Well Poised for a Surge
zacks.com· 2024-05-20 17:21
Ero Copper Corp. (ERO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate r ...
3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off
marketbeat.com· 2024-05-20 10:11
Key Points Investors need to consider some of the world's most critical trends if they want to expose their portfolios to global growth. Some of these current trends are electric vehicles (EVs) and artificial intelligence components, which go beyond semiconductor and technology stocks. These vital industries are helping the world move forward. However, with new players popping up nearly every day, many investors follow the hype behind these industries relatively blindly. But trying to pick the winner among ...
Ero Copper Corp. (ERO) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-05-15 14:02
Core Viewpoint - Ero Copper Corp. has gained attention as one of the most searched stocks, with a recent performance of +10.2% over the past month, outperforming the S&P 500 composite and the Zacks Mining - Non Ferrous industry [1] Earnings Estimates Revisions - The current quarter's earnings estimate for Ero Copper is projected at $0.27 per share, reflecting a +12.5% change year-over-year, with a significant +53.9% increase in the consensus estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year stands at $1.59, indicating an +82.8% year-over-year change, with a slight +1.7% adjustment in the last month [4] - For the next fiscal year, the earnings estimate is $3.04, representing a +91% increase from the previous year, with a +1.7% change over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $113.6 million, showing an +8.3% year-over-year change [8] - For the current fiscal year, the sales estimate is $648.34 million, indicating a +51.7% change, while the next fiscal year's estimate is $963.84 million, reflecting a +48.7% change [8] Last Reported Results and Surprise History - In the last reported quarter, Ero Copper achieved revenues of $105.8 million, a +4.8% year-over-year increase, and an EPS of $0.16, down from $0.24 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of $104.4 million by +1.34%, and the EPS surprise was +220% [9] - Over the last four quarters, Ero Copper surpassed consensus EPS estimates twice and revenue estimates twice [10] Valuation - Ero Copper is currently graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14] Conclusion - The Zacks Rank 1 for Ero Copper suggests potential outperformance against the broader market in the near term, despite its premium valuation [15]
Ero Copper Corp. (ERO) Q1 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-05-08 00:01
Ero Copper Corp. (ERO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 220%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.21, delivering a surprise of -8.70%.Over the last four quarters, the company ha ...
Ero Copper Reports First Quarter Operating and Financial Results
Newsfilter· 2024-05-07 21:02
(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2024. Management will host a conference call tomorrow, Wednesday, May 8, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Tucumã Project is ...
Best Momentum Stocks to Buy for April 25th
Zacks Investment Research· 2024-04-25 15:00
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 25th:TXO Partners, L.P. (TXO) : This oil and natural gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.TXO’s shares gained 3.4% over the past month compared with the S&P 500’s decline of 2.2%. The company possesses a Momentum Score  of A.PepGen Inc. (PEPG) : This clinical-stage biotechnology company has a ...